Edition 73 (January-March, 2024)

Aria Holding• 2
Principal Secretary of Industries, Maharashtra, Mr. Harshdeep Kamble and Group CEO of Aria Holding, Mr. Suraj Thampi,
after signing the MoU.
and Dr Harshdeep Kamble,
Principal Secretary of the Industries
department, in the presence of Chief
Minister of Maharashtra Mr Eknath
Shinde, Minister of Industries Mr
Uday Samant and Mr John Douglas,
Commercial Director, Alutec Facades.
“The government of Maharashtra
welcomes this investment by Aria
Holding, and this MoU marks a
significant milestone in our efforts
to promote the local economy and
attract new investors to the state,” CM
Shinde said.
“We are confident that this
investment by Aria Holding will fortify
the state’s manufacturing sector and
create a spectrum of job opportunities,
from skilled labour for manufacturing
to professionals, and will bring
tangible benefits to our state. We are
committed to providing all necessary
support for successfully establishing
the float glass plant,” he added.
The MoU aligns with the ‘Make
in India’ initiative launched by
Prime Minister Narendra Modi
in 2014, repositioning India as a
critical market to do business in,
attracting unprecedented growth in
foreign investments. Infrastructure
development is core to India’s growth
strategy, and float glass plays a
pivotal role across sectors, including
construction, automotive, and
industries.
A significant amount of float glass
requirements is still met through
imports, and demand continues to
increase. Aria Holding’s investment
will boost the domestic supply of float
glass and is intertwined with India’s
development strategy, supporting
infrastructure expansion, automotive
growth, energy efficiency, employment
generation, and technological
advancements.
“It is rewarding to see our
continued expansion and investment
into new markets through this
MoU,” said His Excellency Sheikh
Ali Bin Hamad Al Thani, who is the
chairman of Aria Holding. “India
is a compelling destination for
investment, and Maharashtra, with
its location, workforce, infrastructure,
and progressive policies, provides us
with a great platform to establish our
factories.”
The strategic partnership
demonstrates the Maharashtra
government’s dedication to fostering
development in the state and
providing a conducive environment
for businesses to thrive and contribute
to its progress.
“Aria Holding is excited to be a part
of India’s growth story through this
strategic investment. Our state-ofthe-art
factories in Maharashtra will
manufacture glass for local, national,
and international demand. India is
going through a massive boom in
infrastructure development nationally,
and we plan to capture a significant
share of that growth. Through our
portfolio companies, we also plan to
establish a robust export strategy for
our products,” ssaid Suraj Thampi,
Group CEO of Aria Holding.
About the company
Aria Holding, a multinational
conglomerate headquartered in
Qatar, operates across diverse sectors,
including engineering, industrial,
technology, business services, and
trading. With a portfolio of industryleading
companies like Alutec (Façade
Engineering) and Vistas Global
(Technology & Business Services),
Aria fosters growth and innovation
within its portfolio while creating
enduring value for its stakeholders,
employees, and the communities it
operates.
Email: info@ariaholding.com
Website: www.ariaholding.com
Glass Bulletin | January - March, 2024 75