Dow India plans $100 mn R&D centre
Dow India will invest $100 million (about Rs 400 crore) in a global R&D centre at Chakan. The centre, located on a 100 acre plot, should be operational next year and by 2010, is expected to employ 500 researchers.
By TNN |
PUNE: Dow India will invest $100 million (about Rs 400 crore) in a global R&D centre at Chakan. The centre, located on a 100 acre plot, should be operational next year and by 2010, is expected to employ 500 researchers. Dow India has signed a memorandum of understanding with the Maharashtra government.
A statement released by the multinational noted that initial project related activities have begun at the location and 125 researchers are already working, out of rented premises. The Dow Chemical Company has been present in India for over 50 years now.
Vipul Shah, CEO, Dow Chemical International noted that this centre will be capable of bringing new products to market, from concept to commercialisation.
The integrated R&D centre will serve multiple clients and geographies in areas of water, personal care, paints and coatings. It will also partner with government laboratories and educational institutions, funding research to generate intellectual property.
A statement released by the multinational noted that initial project related activities have begun at the location and 125 researchers are already working, out of rented premises. The Dow Chemical Company has been present in India for over 50 years now.
Vipul Shah, CEO, Dow Chemical International noted that this centre will be capable of bringing new products to market, from concept to commercialisation.
The integrated R&D centre will serve multiple clients and geographies in areas of water, personal care, paints and coatings. It will also partner with government laboratories and educational institutions, funding research to generate intellectual property.
Start a SIP with as low as ₹500 with ET Money App!
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
