Global chemical group BASF to set up R&D centre in India
23 May 2013 11:20 PM GMT
Singapore: The international chemical group, BASF, is looking at a number of sites to set up a Global Research Centre in India as it shifts its R&D work to Asia, supporting its major expansion into the region.
'A decision has been made for setting up the centre in India,' Raman Ramachandran, BASFs senior vice president for Crop Protection business in Asia pacific, said on Thursday.
A number of sites for the centre were being evaluated including Mumbai, he said.
The investment and time frame of setting up the centre were being considered and relevant approvals were being sought from the Indian authorities, he added.
For the longer-term, BASF would also invest in a production plant in India for making crop protection products, said Markus Heldt, BASFs president for Crop Protection based in Limburgerhof, Germany.
The Indian manufacturing facility would be similar to BASF's facility being built at Rudong in the Chinese province of Jiangsu. The Chinese facility would be operational in 2014 with more than 100 employees producing crop protection solutions for markets in China and Southeast Asia, Ramachandran said. In the meantime, field trials have started at BASFs global agro research station in Pune, which was initiated in 2012.
More regional demonstration farms were also planned in the key areas of the Asia Pacific region, said the BASF officials, stressing the group was making a major shift in R&D work to Asia, given the growing demand in the regional agri and farm markets. PTI
'A decision has been made for setting up the centre in India,' Raman Ramachandran, BASFs senior vice president for Crop Protection business in Asia pacific, said on Thursday.
A number of sites for the centre were being evaluated including Mumbai, he said.
The investment and time frame of setting up the centre were being considered and relevant approvals were being sought from the Indian authorities, he added.
For the longer-term, BASF would also invest in a production plant in India for making crop protection products, said Markus Heldt, BASFs president for Crop Protection based in Limburgerhof, Germany.
The Indian manufacturing facility would be similar to BASF's facility being built at Rudong in the Chinese province of Jiangsu. The Chinese facility would be operational in 2014 with more than 100 employees producing crop protection solutions for markets in China and Southeast Asia, Ramachandran said. In the meantime, field trials have started at BASFs global agro research station in Pune, which was initiated in 2012.
More regional demonstration farms were also planned in the key areas of the Asia Pacific region, said the BASF officials, stressing the group was making a major shift in R&D work to Asia, given the growing demand in the regional agri and farm markets. PTI
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