Mitsubishi Gas Chemical Company, Inc. (MGC) has revealed plans to establish a local corporation in India. The move will be a joint investment by subsidiaries Mitsubishi Gas Chemical Singapore (MGC Singapore) and Mitsubishi Gas Chemical Trading, Inc.
MGC sees significant potential in India due to the country’s strong economic growth and increasing demand for chemical products in various sectors, including pharmaceuticals, automotive, and other manufacturing industries. The company believes that India offers substantial opportunities for boosting sales and expanding its product range.
MGC explained that forming a new entity in India through a joint investment with MGC Singapore and Mitsubishi Gas Chemical Trading, Inc. will help streamline its India-related business activities. Until now, MGC’s networks outside India have managed the market.
The new presence in India is expected to improve customer support and allow the company to respond more swiftly to the needs of regional customers. MGC aims to strengthen its business foundation in India by enhancing sales of India-origin products, optimizing raw material procurement, and exploring new business opportunities.
As reported by aei.dempa.net, the newly formed joint venture, MGC Trading India Private Limited, will be headquartered in Mumbai and will start with an initial capital of 20 million Indian Rupees. MGC Singapore will contribute seventy percent of the total investment, while Mitsubishi Gas Chemical Trading Inc. will provide the remaining thirty percent.
