Business Daily from THE HINDU group of publications
Thursday, November 1, 2007
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Business Daily from THE HINDU group of publications Thursday, November 1, 2007 |
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News Update as at 18.00 hrs (IST)
General Dow Chemical to set up $100 m R&D centre in India MUMBAI: Dow India, a unit of Dow Chemical Co0, the largest U.S. chemical maker, said it would spend an initial Rs 400 crore ($100 million) on a research and development centre in India. The global R&D centre on a 100-acre site near Pune will be operational by 2008 and have 500 employees by 2010, it said in a statement late on Wednesday. "The centre will have the capacity to bring a new product to market, from concept to commercialisation," said a top official of the company.
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