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DuPont targets $1 billion revenues from India in 5 years

DuPont targets $1 billion revenues from India in 5 years
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First Published: Wed, May 14 2008. 03 00 PM IST
Updated: Wed, May 14 2008. 03 00 PM IST
PTI
New Delhi: Global science products and services firm DuPont is targeting revenues of $1 billion (Rs4,200 crore) from its Indian arm and plans to double its headcount in the country in the next few years.
“We are targeting $1 billion revenues in India within next five years. We would like to sustain our current sales growth of an average 25% annually in future, ” DuPont vice-president, human resources, Maritza Poza-Grise told PTI.
DuPont India had posted sales of $439 million in 2007 and employs 800 people in the country across its production facilities in Baroda, Hyderabad and Madurai and corporate offices in Gurgaon and Mumbai.
“We are planning to double our headcount in India in the next 2-3 years to leverage on the company’s vision of creating sustainable solutions putting science to work,” DuPont India general manager, human resource, Pallavi Tyagi said.
The company, a business-to-business products and service provider has its largest platform in India in agriculture and nutrition segment, followed by performance materials, coatings and colour technologies, safety and protection.
The company’s US parent employs 60,000 people worldwide while in India there are over 800 employees which account for 15-20% of its global revenues.
DuPont India, a wholly-owned subsidiary of US-based $27.4 billion E I du Pont de Nemours and Company, markets a wide range of products in various market segments including agriculture, food and nutrition, healthcare, home and construction, electronics and safety and protection.
DuPont officials said the company is employee-oriented and its human resource policies aim to engage people in the best possible way.
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First Published: Wed, May 14 2008. 03 00 PM IST