NIFTY 50

AkzoNobel aims at double-digit growth in India, focus on 'ambitious plans'

Updated : February 28, 2019 02:22 PM IST

Paints company AkzoNobel is eyeing double-digit growth in India, said Oscar Wezenbeek, managing director of the company, adding that the firm has 'ambitious plans' for the country.

“We have ambitious plans for India and that will be focused on strong values that we bring to the market in terms of quality, innovation, in terms of ease of use and access to the market. So we clearly have strong plans for the future but it will be playing to our strength,” said Wezenbeek.

Rajiv Rajgopal, managing director of AkzoNobel India said the paint trend in India has been fairly buoyant and the focus remains on premium paints portfolio with a lot of innovation and renovation for the brand.

With regards to market share, Rajgopal said on an aggregate level the company has a 7-9 percent share and in some specific businesses, it is even as high as 15 percent.
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV