DuPont to invest $23 mln in India R&D centre http://in.today.reuters.com/news/newsArticle.aspx?type=businessNews&storyID=2007-02-01T155151Z_01_NOOTR_RTRJONC_0_India-285938-1.xml
Thu Feb 1, 2007
MUMBAI (Reuters) - Chemical maker DuPont Co. said on Thursday it would invest more than 1 billion rupees ($23 million) in its first research and development centre in India.
The facility in Hyderabad will be operational in early 2008 and have more than 300 employees, it said in a statement. "The establishment of the DuPont Knowledge Centre in India is consistent with our strategy of going where the growth is," said Balvinder Singh Kalsi, president of DuPont India, a subsidiary.
R&D at the facility, DuPont's sixth major centre outside the United States, will be directed toward local and global clients and initially focus on molecular biology, bio-informatics and polymer synthesis, DuPont said.
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