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DuPont mulls large scale investment in India

DuPont, which has graduated from a gunpowder manufacturer to a biotechnology, electronic and high-tech communication giant over 200 years of its existence, plans to invest in a big way in India, China and countries in the pacific region.

During a press briefing in Wilmington, US, on Sunday, DuPont Chairman and CEO Charles O Holliday Jr said the company is weighing comparative advantages of investing in India and China, which are expected to get major part of the funding.

Stating that he would visit India early next year to make a first-hand study about investment climate, Holliday said the company's emphasis is expected to be on biotechnology and communications, the two fastest growing areas.

Stressing the need for increased investments n India he said the company had accrued a revenue of $24.7 billion and income worth $4.3 billion last year.

Holliday said DuPont had invested around $80 million last year in India and set up manufacturing facilities for crop protection products, seeds, engineering polymers, Teflon non-stick coating and Tynex toothbrush bristles.

Pointing out the need for increasing the workforce in India, which at present number around 500, he said the company has R&D facilities in Aurangabad, Bangalore, Ghaziabad, Hyderabad and Savli.

He added that his company has alliances with Council of Scientific and Industrial Research, Indian Institute of Science, Indian Institute of Chemical Technology and National Chemical Laboratories.

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