DuPont invests $22.5m in Indian R&D

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DuPont announced yesterday that it plans to invest over $22.5m to construct its first research and development centre in India.

has announced plans to invest over $22.5m to construct its first research and development centre in

.

Dubbed the DuPont Knowledge Center, the new facility will be located in Hyderabad and is expected to accommodate more than 300 scientists and other employees.

‘The DuPont Knowledge Center in India will focus on discovery research as well as applications development in a variety of areas,’ said DuPont Senior Vice President and Chief Science & Technology Officer Uma Chowdhry. ‘This location will allow us to engage some of the world's top scientific talent in bringing better innovation to both global and local DuPont customers faster.’

DuPont has signed a Memorandum of Understanding (MoU) with ICICI Knowledge Park for a long-term lease that will allow DuPont to construct the R&D facility on 15 acres of land in the park. The groundbreaking is slated for March and is expected to be fully operational in early 2008.

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