Finolex Industries to offer PVC pipes and fittings at subsidized rates to affordable housing schemes

Posted by: at 9/22/2016 05:40:00 am


Aligns business with the ambitious ‘Housing for All- 2022’vision of our Prime Minister Shri. Narendra Modi

Company announces this at the CREDAI Pune Metro Executive Meeting& Governing Council (ECGC) Conclave

Chandigarh, 22nd September 2016 - Finolex Industries, India’s largest PVC pipes and fittingsmanufacturer announced that it will support the vision of our Prime Minister Shri Narendra Modi - ‘Housing For All.’

All new construction that comes within the category of affordable/low cost housing, which is approved by the Government of India under “Pradhan MantriAwasYojana” will be offered plumbing and sanitation solutions of PVC pipes and fittings at subsidized rates by Finolex Industries Limited.This initiative was announced at theCREDAI – National Executive Meeting & Governing Council (ECGC) President’s Conclave at Hotel Westin (Pune).This was one of the biggest conclave consisting of 300 delegates (comprising of 165 City Presidents and 23 State Presidents and members of Executive Committee of the CREDAI National), the conclave touched upon core issues like the Real estate (Regulation and Development) Act 2016, the latest on GST Law, the most ambitious vision of Govt. of India “Housing for All by 2022” and Swach Bharat Abhiyan

Mr. Prakash Chhabria, Executive Chairman, Finolex Industires Ltd being felicitated by Maharashtra CM, Mr. Devendra Fadnavis at the ECGCConclave.
Mr. Prakash Chhabria, Executive Chairman, Finolex Industires Ltd being felicitated by Maharashtra CM, Mr. Devendra Fadnavis at the ECGCConclave.

Speaking on this occasion, Mr. Prakash Chhabria, Executive Chairman, Finolex Industries Ltd. said, “Our endeavour is to lead from the front in finding solutions to challenges faced by the industry and augmenting the growth of the sector. The real estate sector in the growing Indian economy has myriad opportunities to create a win-win scenario and smart environment for all stakeholders.” He added, “With increasing urbanization; trend of mega-township and affordable housing is the need of the hour. Pipes and fittings are like the arteries and veins of the wall and are important to maintain sanitation and health of a building. I would like to announce in front of the meritorious dignitaries present at EC&GC that we will offer PVC pipes and fittings at subsidized rates to affordable housing schemes under the ‘Housing for All by 2022’ vision of our Prime Minister Shri Narendra Modi.”Mr. Nitin Kulkarni, President- Sales and Marketing, Finolex Industries Limited cited that the scheme for subsidized rates under the affordable housing plan is being worked upon internally and will be presented to CREDAI national shortly.

Real Estate is not only one of the major contributors to India’s GDP, but also is the 2nd largest employment provider in India. A lot of emphasis has been shared on low cost housing by our Government and the same was highlighted through the sessions at the conclave. The power-packed enlightening sessions had detailed discussion on Smart Cities, forward looking trends in the real estate industry.  The event was attended by prominent guests like Hon. Chief Minister of Maharashtra (Mr. DevendrajiFadnavis), Hon. Guardian Minister of Pune (Mr. Girish Bapat)  ,Mr. Prakash Chhabria, Executive Chairman, Finolex Industries Ltd,Mr. Getamber Anand (President – Credai National), Mr. Satish Magar (Vice President, Credai-  National),Credai Host City –Pune President (Mr. ShantilalKataria), Kunal Kumar- Pune Municipal Commissioner (Pune- A Smart City), and many others


About Finolex Industries:

Finolex Industries Limited, headquartered in Pune, is the market leader in the supply of PVC pipes & fittings for the agriculture and non-agricultural sector that includes housing, industry and construction. Through our unique expertise, we have been able to focus on the concept of water management, which will become even more crucial in the coming years.


We are India’s largest backward integrated PVC Pipes and Fittings’ manufacturer with a production capacity of 2, 50,000 MT per annum. Our state-of-the-art manufacturing plants at Ratnagiri, Urse in Pune and Masar in Gujarat help us to provide significant resources to better serve our customers. Our own resin manufacturing facility in Ratnagiri, set in technical collaboration with Uhde GmbH, Germany with Hoechst technology, and spread across an area of 650 acres of land, provides a consistent supply of superior quality resin to our plants which guarantees top line quality products. Our open sea cryogenic jetty, the first of its kind in the Indian private sector, has been the hallmark of our PVC complex. We are the first Indian PVC Pipes manufacturer to have been awarded the IS/ISO 9001-2008 certification.

We consistently produce only the highest quality products and provide exceptional service in order to maximize customer satisfaction. We are marching ahead in innovation and technology bringing forth new products and solutions by continuously increasing our production capacity. This in turn aids us to meet our strategic goals for the future. We pride ourselves in being able to maintain and constantly improve living standards through our product offering as we serve the growing needs of our nation by remaining committed to our core values of providing impeccable quality, products and services.

Our major strength lies in our skilled workforce. We recognize and attribute our operating excellence and success to our employees. We have an extremely strong presence throughout the country, with a wide network of over 16,000 dealers and sub-dealers who work as our extended arm in bringing our wide range of agriculture, plumbing and sanitation pipes, fittings and solvent cement to customers. Our core values of quality, trust and integrity help us build an unbreakable bond with our customers and stakeholders.

We believe in performance with purpose and are deeply concerned about society and our community. We have been actively working along with Mukul Madhav Foundation, our strategic CSR partner, in contributing to the social and economic development of the underprivileged sections of society in and around our plants in Ratnagiri, Pune and Masar with special focus on education, healthcare, community development, environment and self-development. Our focus is on women and children, thus, enabling the deprived to improve their quality of life through good education and accessible healthcare facilities. We strive to seek a way to connect our urban population with the rural and urge people to pledge to save water and the environment.

We have been awarded India’s most Trusted Brand in the category “Manufacturing - Pipes” by Brand Trust Report, “Excellence in CSR” by Amity Global School, “Support and Improvement in Quality of Education” by Global CSR Excellence & Leadership Awards and recently recognised by the Economic Times as “Top 100 Brands in the Architecture and Design Sector.”



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