TOKYO -- Sumitomo Chemical will build a new agrochemical plant in India as it moves to increase market share in the world's most populous country, Nikkei has learned.
The Japanese company will obtain about 50 acres of land in the western state of Gujarat and aim to complete construction around 2027. The initial investment is expected to be over 5 billion yen ($35 million). The total amount will exceed several tens of billions of yen in the mid- to long-term as the plant gradually expands.
