Asian Paints announces a strategy to become a major player in the global decorative paints industry through acquisitions in Singapore, Egypt, and establishing operations in Bangladesh. The company will focus on emerging markets for growth and leverage Berger International to expand its international operations. Asian Paints completed a partial offer for Berger International, acquiring a 50.1% stake, and completed an acquisition of a 60% stake in Egypt's fifth largest paint company, SCIB. Following these acquisitions, Asian Paints will operate in 24 countries with a combined annual paint production capacity of 330 million litres.