IIT claimed that the innovation protects surfaces from germs, bacteria and viruses for a period of 24 hours and prevent its spread. The product can protect desk, car seat, door handle, keys, buttons, bags etc. from the viruses. The innovation is designed on the Advanced Nanosilver Technology and is a specially formulated alcohol free and environment friendly product.
A ‘one-click’ service for architects and designers, `a+’ will engage with startups to facilitate and create compelling solutions. The a+ brand will provide design services, product solutions and full turn key project execution services, according to a release. Nippon Paint India also plans to mentor young Indians under the a+ brand and has tied up with ‘Brains on Walls’ and ‘Spaciux’ in the first round.
However, demand for the company’s mainstay of premium paints is yet to fully recover, as the key markets of metro cities remain in the thick of the pandemic, said Rajiv Rajgopal, managing director at AkzoNobel India. The country’s fourth-largest paint maker’s limited presence in smaller towns, where the bulk of demand is coming from, is also limiting growth.
The nearly Rs 5,000-crore Kansai Nerolac, which is 75 per cent owned by the world's eighth largest player Kansai Paint Co of Japan, overall enjoys 18 per cent market share, making it the second largest player after Asian Paints. The top three--Asian Paints, Nerolac and Berger Paints-control around 60 per cent of the industry.
"From the food we eat, to the festivals we celebrate, to the clothes we wear, it is these very colours that make everything Indian, so beautiful. Making colours accessible to all through our 'Any Colour One Price' approach is our tribute to every Indian’s love for colour," said the company's managing director Parth Jindal.
The demand for industrial paints, in which the company is the market leader, will take longer to recover, Bharuka said. Demand for paint from automotive companies, which account for a large share of industrial paints, has been slow due to low auto sales.
The permissions are for running the plants across all the businesses to a limited capacity or even to a full capacity in some geographies, it said, pointing out that manufacturing facilities of the company are working at approximately 60-70 per cent levels. Asian Paints business divisions include decorative, home improvement and industrial operations.
"As part of our endeavour to promote hygiene and safe health practices in the country, we will leverage our group businesses’ retail distribution & community network to offer consumers access to a world-class product, " said JSW Paints' managing director, Parth Jindal.
"In accordance with the guidelines issued by the Ministry of Home Affairs and various state government authorities, the company has partially resumed operations at some of its manufacturing locations, warehouses, and offices wherein lockdown restrictions have been eased," Asian Paints said in a regulatory filing.
The sanitiser is being manufactured at Asian Paints’ plant in Ankleshwar, Gujarat and the company has obtained all necessary permissions from authorities. Other brands which started making hand sanitisers after the Covid-19 pandemic spread to India include Dabur, Emami, Patanjali, Nivea India, and Raymond Consumer Care, among several others.
Berger said it has decided against any involuntary furloughs or organisational restructuring that may lead to downsizing of headcount and consequent loss of livelihood during the time of widespread uncertainty. It stated that there will be no impact of the crisis on new recruitment offers.
"The Commission is of the view that evidence provided by JSW Paints is prima-facie sufficient to indicate that Asian Paints has denied access to the distribution channels in the relevant market to JSW Paints by threatening and coercing such dealers through various means," the fair trade regulator said.