SIG Group, headquartered in Switzerland and a provider of integrated packaging solutions to firms such as Pepsi, Coca-Cola, and Amul, among others, is investing around €100 million (Rs 900 crore) in the establishment of its first aseptic (contamination-free) carton plant in Ahmedabad, Gujarat.

The plant will have an annual capacity of 4 billion carton packs, which will be used to package non-carbonated products such as dairy, beverages, and food items catering to the India and Bangladesh markets.

"We, at present, supply our cartons and bag-in-box packaging products to companies such as Amul, Pepsi, Coca-Cola, Parle Agro, ITC, and Milk Mist, among others, in India," Samuel Sigrist, CEO of SIG Group, told BQ Prime in an interview.

"We expect our Indian business to grow at a compounded annual growth rate of 15-20% over the next few years, and if that happens, in the second and third phases, we will ramp up the manufactuing capacity t0 10 billion carton packs," Sigrist said.

The €3.1 billion company hopes to start production from the Ahmedabad plant in the next 12 months, he said.