At present, the company purchases white cement for manufacturing powder products and undercoats in India. The manufacturing facility proposal is a move towards fulfilling internal white cement consumption, and towards providing white cement as a finished product. This would ensure new opportunities for Asian Paints, as well as both a sustainable cost advantage and an assured supply of good quality raw materials. Also in October 2022, Asian Paints entered into agreements to acquire a 51% stake in Harind Chemicals and Pharmaceuticals Private Limited from Aapex Power and Industries Private Limited, Swapan Ghosh, Ph.D., and other existing shareholders, subject to completion of the conditions precedent set in the definitive documents.