DuPont doubles investment for Hyderabad R&D centre
NEW DELHI (Reuters) - U.S. chemical maker DuPont Co will double its previously announced investment in a planned R&D centre in Hyderabad to 2 billion rupees ($51 million) over 2 years, a senior official said.
In February, DuPont said it would invest 1 billion rupees in the centre, which will be the company's sixth major such unit outside the United States.
"Our scope has changed. We are adding few more elements now. And the cost of construction has now gone up," Balvinder Singh Kalsi, president and chief executive of DuPont's Indian subsidiary, told reporters on Tuesday at the World Economic Forum's India summit.
He said the centre would have capacity for 650 people and would be operational by June 2008.
Kalsi also said DuPont would spend 250 million rupees to expand its coating and colour making capacity in Gujarat to cater to auto component makers.
- Tweet this
- Share this
- Digg this
- In his native Alabama, Apple CEO's announcement he is gay prompts discomfort for some
- Islamic State fighters kill 220 Iraqis from tribe that opposed them
- Xiaomi moves into third place in global smartphone war
- UPDATE 5-Bike-riding U.S. nurse defies Ebola quarantine, on collision course with governor
- Nurse defies Ebola quarantine with bike ride; negotiations fail |
India's universal health plan that aims to offer guaranteed benefits to a sixth of the world's population will cost an estimated 1.6 trillion rupees ($26 billion) over the next four years, a senior health ministry official said. Full Article