DuPont investing $50 mn in R&D centre in Hyderabad

DuPont investing $50 mn in R&D centre in Hyderabad
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First Published: Wed, Feb 21 2007. 05 12 PM IST
Updated: Wed, Feb 21 2007. 05 12 PM IST
PTI
Bangalore: US-based products and services company, DuPont said on 21 February that it will open a knowledge centre in Hyderabad with an investment of $50 million (Rs220 crore) and accommodate 500 R&D professionals in the first phase.
Executive Director of DuPont India, a subsidiary of $29 billion E.I. du Pont de Nemours, Shankar Krishnan said the centre is expected to be operational next year.Basic R&D would be conducted at the centre.
“Bulk of the R&D is now being conducted in the US; some work will be shifted to India”, he said. This is in addition to the centre carrying out R&D efforts to meet specific requirements of the Indian market.
DuPont offers a range of products and services for markets, including agriculture and food; building and construction; communications; and transportation. It has six manufacturing facilities in India in three sites viz. Baroda, Madurai and Hyderabad.
DuPont has around 700 employees in India and is growing at more than 25% every year, officials said. Krishnan said the parent company is betting on India, China and Brazil for growth and it has also started sourcing essential materials from India for global products.
DuPont India announced the opening of DuPont Refinish Training Centre (RTC) on 21 February, where it would focus on three major DuPont brands “Centari”, “LE” and “Standox”.
The RTC would cater to customers, mainly workshop and body shop outlets of leading carmakers based in Kerala, Tamil Nadu, Andhra Pradesh, Karnataka and Goa.
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First Published: Wed, Feb 21 2007. 05 12 PM IST
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