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Indian paint company, Berger Paints to open plant in Nevinnomysk, Russia

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Moscow: Indian paint manufacturing company Berger Paints has chosen to set up a plant in the Russian town of Nevinnomysk in the Stavropol region.

The decision to locate its paint and varnish manufacturing centre there, was taken after a group of Indian investors visited the town’s industrial park.

Indian investors visited a Russian regional industrial park, Nevinnomysk, along with regional officials, Vasily Shestak, first Deputy Head of the Nevinnomysk administration, and Dmitry Tolmachev, Deputy Minister of Energy, Industry and Communication of the Stavropol region. After examining some of the other functioning enterprises and exploring the options, the Indians decided to set up a paint manufacturing factory there.

Vladimir Vladimirov, Governor of the region, and Kuldip Singh Dhingra, owner of Berger Paints, one of India’s biggest paints and varnish manufacturing companies, had in February 2015 signed in New Delhi an agreement on cooperation, to establish an industrial and domestic paint and varnish manufacturing unit.

Berger officials are finalising a site for the factory at Nevinnomysk, for which four to six hectares of land is required. The company plans to invest at least $5 million in the project and create at least 50 jobs. According to local residents, it makes sense that Nevinnomysk was selected as the location for the new plant, because it has a highly developed transportation and logistics infrastructure for industry.

During their visit to Nevinnomysk, representatives from Berger Paints along with Shestak, Tolmachev and other local authorities and local and regional journalists visited some functional enterprises. These included PK Stroymontaj Yug (aggregate industry), USK (producing construction materials), MK-Nevprom (manufacturing multilayered paper bags), Lissant-Yug (poly-urethane sandwich-panels installment), Nevinnomyssky profil (manufacturing roll-shaped zinked metal profiles using cold shaping method), Terminal (logistical complex) and metallurgical factory Stavstal.

The regional industrial park began functioning in 2010 as a pilot project for the region. In 2012, it received a certificate from the association of the industrial parks of Russia with an “active” status, which was confirmed in 2014.

The value of investment in projects at the park is 16.74 billion rubles ($294.5 million). Investors have already paid 7.5 billion rubles. Of the 1,255 jobs envisaged, 624 jobs have been created, around 80 percent of all jobs created in the town.

Active enterprises have produced almost two billion rubles, and actively contributed to the town’s economy, thus improving conditions in the town and the region. (IANS)

Next Story

Democrats Decide Investigation Topics To Look Into Donald Trump

The Oversight and Reform committee will look at a host of other domestic issues, including the use by Trump daughter Ivanka Trump of a private email account

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USA, Trump
Flags fly in front of the U.S. Capitol in Washington, Jan. 1, 2019. VOA

When the Democrats took control of the U.S. House of Representatives earlier this month, the new committee chairs said they would use their role of oversight to begin investigating the controversies and scandals regarding President Donald Trump’s businesses, campaign and administration.

Russia inquiry

*At least four House committees plan to look into aspects of the Russian election interference investigation — Intelligence, Financial Services, Foreign Affairs, and Judiciary. However, none plan to reopen a full-scale investigation, since Democratic officials say special counsel Robert Mueller’s probe is already doing that. House Judiciary Chairman Jerrold Nadler says he will wait for Mueller to conclude his investigation before considering any possible impeachment inquiry.

The lines of questioning by the committees reflect their particular purview. For example, the Foreign Affairs Committee will look into what Trump said to Russian President Vladimir Putin during their private meeting last summer in Helsinki, Finland, while the Financial Services Committee plans to seek financial records relating to hundreds of millions of dollars in loans from Deutsche Bank to the Trump Organization.

USA, trump
Rep. Richard Neal, D-Mass., ranking member of the House Ways and Means Committee, speaks on Capitol Hill in Washington, May 24, 2017. VOA

Trump’s taxes

* Ways and Means Committee Chairman Richard Neal says he wants to try to build a public case for why Trump’s tax returns should become public before he makes any formal request for the returns to be released. He says he will hold hearings on the matter and will propose legislation that would require all presidents and candidates for the office to make their returns public. If Neal does request the tax returns from the Treasury Department, he has the authority under the tax code to be granted them as chairman of a House committee, however it is not clear if the Trump administration would challenge the matter.

Immigration policies

* Top Democrats have made clear they want to investigate the Trump administration’s immigration policies, with several committees planning to look into the matter of family separations and detentions at the border.

* The House Judiciary Committee plans to investigate the recent deaths of two migrant children held in detention — Jakelin Caal, 7, and Felipe Gomez Alonzo, 8. Three committees have ordered U.S. Customs and Border Protection to preserve evidence related to their deaths.

USA, Trump, North Korea
A man looks at a TV screen showing North Korean leader Kim Jong Un, left, and U.S. President Donald Trump shaking hands before their meeting in Singapore, in Tokyo, June 12, 2018. VOA

Foreign issues

* In addition to Russia, the Foreign Affairs Committee plans to investigate issues involving several countries, including North Korea, Saudi Arabia and Syria. The committee plans to look at Trump’s relationship with North Korean leader Kim Jong Un as well as his family’s close ties with the Saudi crown prince.

* It also wants answers to why Trump abruptly announced in December the withdrawal of 2,000 U.S. forces from Syria, which led to the resignation of Defense Secretary James Mattis.

* The new chair of the Foreign Affairs Committee, Eliot Engel, says he plans to create an entire subcommittee devoted to investigating Trump.

Domestic issues

* The House Judiciary Committee wants to look into Trump’s decision to fire former Attorney General Jeff Sessions and what his acting Attorney General Matthew Whitaker knew about the decision.

Trump
President Donald Trump speaks at the American Farm Bureau Federation convention in New Orleans, Jan. 14, 2019. VOA

* It also wants to investigate Trump’s involvement in payments before his 2016 election to two women who claim to have had affairs with Trump, a possible campaign finance violation.

Also Read: FBI Probes Into Donald Trump’s Relationship With Russia

* The Oversight and Reform committee will look at a host of other domestic issues, including the use by Trump daughter Ivanka Trump of a private email account for government business, the Trump administration’s response to hurricanes Irma and Maria, and some Trump Cabinet officials’ use of government jets for personal travels. (VOA)