Sanitary ware maker Hindustan Sanitaryware and Industries (HSIL) will invest $17.2m for setting up a caps and closures plant in India.
Developed as an to the company's packaging product lineup, the facility will produce security caps and closures that prevent counterfeiting.
The firm has applied for patents for such products, reported PrintWeek India.
The company's primary business divisions comprise building products and packaging products. Its packaging wing deals with manufacturing of glass and PET bottles.
HSIL will also invest $16m to set up a plant for making CPVC and UPVC pipes and fitting used in plumbing and sanitation, under its building product portfolio.
The company has inked a pact with Japan's Sekisui Chemical for supplying chlorinated polyvinyl chloride (CPVC) resin.
Recently, HSIL has forayed into the home appliances sector with France-based Groupe Atlantic, agreeing to sell water heaters made by the latter through its 2,500 retail partners. It is likely to set up a plant in India in collaboration with the French company.