News: DuPont to invest $ 23 m in India R&D centre

(RTR 01/02/2007) Mumbai - DuPont Co. said on Thursday it would invest more than Rs 100 crore ($23 million) in its first research and development centre in India.

The facility in the southern city of 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.