Saint-Gobain India, a leading glass manufacturer and player in the housing solutions market, is investing Rs 8,000 crore over the next 4-5 years to support capital expenditure and acquisitions to fuel growth, according to its CEO B Santhanam.

The company, which recently purchased stone wool manufacturer Rockwool India and glass wool manufacturer Twiga, is currently looking for inorganic development.

Saint-Gobain India, a subsidiary of the French glassmaker, expects around 10 percent volume and mix-led growth from the Indian market, where it is witnessing a demand surge.

"Saint-Gobain India is performing very well in India in terms of growth, profitability, expansion, sustainability, digital and people talent. All our businesses be it in building and construction or industrial solutions are performing well," Saint-Gobain CEO of Asia Pacific and India region and Chairman, Saint-Gobain India, Santhanam told PTI.

"We are close to the annualised rate of Rs 13,200 crore... Comparing FY24 to FY23 we will be 8-10 percent more in terms of growth," he said. He added that India is the third most profitable country in the Saint-Gobain global business.