Global packaging solutions provider SIG will invest 40 million euros (around Rs 360 crore) in the second phase to increase capacity of its plant in India, a "key growth market" for the Swiss multinational, a top company official said. With the new tranche of fund infusion, the total investment of SIG at the Ahmedabad-based plant will increase to 130 million euros (around Rs 1,168 crore), including the 90 million euros of investments during the first phase. "Phase II has been activated now, the board has already approved 40 million euros. This confirms that we are in line with our mid-long term plan," SIG President & General Manager, India, Middle East and Africa, Abdelghany Eladib told PTI. Work on the second phase would be completed in the next three years by 2027, he added. Phase I of SIG, a global player in aseptic packaging and filling solutions, has been completed in just 20 months. Its current production capacity at Ahmedabad is 4 billion packs per annum, and with subsequent