Business Sentiment Survey
Asian businesses optimistic; sentiment in India falls
Asia's top companies have become more optimistic about their business outlook with the retail and shipping industries rebounding sharply in the second quarter of 2013, the latest Thomson Reuters/INSEAD Asia Business Sentiment Survey shows. Full Article
REUTERS SHOWCASE
Asian Stocks Outlook
Asian stocks to lead the way to year's end, Fed seen pulling back - Reuters Poll. Full Article
Reviving Infra
Road building revival offers rare hope for India infrastructure overhaul. Full Article
Buy, Sell or Hold?
Confused while buying stocks? Get buy, sell or hold recommendations from VantageTrade. Full Coverage
Reuters India Mobile
Get the latest news on the go. Visit Reuters India on your mobile device. Full Coverage
DuPont doubles investment for Hyderabad R&D centre
NEW DELHI |
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
- Link this
- Share this
- Digg this
- Reprints
Follow Reuters