DuPont is expanding its food and nutrition business in India and plans to set up a food application centre to develop local solutions.
“India is a key market for us. We are bringing our global expertise to develop food solutions tailored for the local market,” said Mr Craig Binetti, President of DuPont’s global nutrition and health business.
DuPont provides ingredients that go into food, bakery and dairy products, enhancing the quality, taste and shelf life of such products.
The India subsidiary of the global science and technology major is yet to finalise a location for the proposed centre. It did not comment on the investment plan or spell out a timeframe for the centre.
“We have been working with several food companies in India and want to expand our relationship with them,” Mr Binetti said. India is one of the fast growing markets for the $38 billion firm, which earns a third of revenues from agriculture, food and nutrition segments.
DuPont, which earns about $900 million in revenues from India, has over 4,000 employees working in the country.