Mitsubishi Gas sets up subsidiary in India
Japan’s Mitsubishi Gas Chemical says it has established a local corporation in India, formed through joint investment by Mitsubishi Gas Chemical Singapore Pte Ltd (MGC Singapore), a wholly owned subsidiary of MGC, and Mitsubishi Gas Chemical Trading.
As India continues to demonstrate remarkable economic development, as well as heightened demand for chemical products in the pharmaceutical, automotive, and other industries, MGC has deemed it a market that presents significant potential for increased sales and the further expansion of its products.
By establishing a new entity in India through joint investment by MGC Singapore and Mitsubishi Gas Chemical Trading, it says it aims to consolidate its India-related business activities, which until now have been dispersed across various MGC Group companies located outside of India.
This it adds “will enable us to enhance our customer support system and respond promptly to the needs of those customers living in the region”.
MGC will expand the group’s business foundation in the Indian market by strengthening the group’s sales of its India-originating products, assessing its raw material procurement methodology, and exploring new business opportunities.