Aria Holding and the Government of Maharashtra solidified their commitment to invest over Rs 2,000 crore by formalizing an MoU. Aria Holding aims to establish an advanced float glass facility in Maharashtra. The MoU was endorsed by Suraj Thampi, Aria Holding’s Group CEO, in the presence of Chief Minister Eknath Shinde and Industries Minister Uday Samant.
Aria Holding is a dynamic and diversified company that engages in real estate development, hospitality, and investment ventures. The company stands out for its innovative approach, delivering high-quality projects that redefine standards. With a focus on creating value and fostering growth, the company plays a pivotal role in shaping the future of real estate and investment opportunities across diverse markets.
Chief Minister Shinde expressed confidence in Aria Holding’s investment, characterizing it as an achievement in their endeavors to stimulate the local economy and attract new investors to the state. He underscored their dedication to providing essential support for the establishment of the float glass plant, anticipating positive outcomes such as job creation and economic strengthening.
Sheikh Ali Bin Hamad Al Thani, the Chairman of Aria Holding, conveyed his contentment with the expansion and investment initiatives into new markets outlined in the Memorandum of Understanding (MoU). He emphasized that India, particularly Maharashtra, stands out as an attractive investment destination, citing its strategic location, skilled workforce, robust infrastructure, and forward-thinking policies.
Expressing excitement about contributing to the nation’s development, Suraj Thampi, the Group CEO of Aria Holding, shared his enthusiasm for an investment. He detailed the company’s goals to produce glass to meet the needs of local, national, and global markets, emphasizing the manufacturing activities to be based in Maharashtra’s factories. Additionally, he highlighted the firm’s commitment to formulating a strong export strategy for their products through portfolio companies.
The Memorandum of Understanding (MoU) is in line with the ‘Make in India’ campaign initiated by Prime Minister Narendra Modi, aiming to position India as a key business market and draw significant foreign investments. The growth strategy of India is tied to infrastructure development, where float glass plays a pivotal role across sectors such as construction, automotive, and various industries.
The company’s investment is anticipated to enhance the domestic availability of float glass, thereby supporting the country’s infrastructure expansion, fostering automotive industry growth, promoting energy efficiency, generating employment, and advancing technological capabilities.
