DuPont announces more investment for its R & D centre
DuPont India Private Ltd has been chalking out plans to expand its operation in the emerging market of India by making investment in the key areas of agriculture, infrastructure, energy, automotive and some other emerging fields. The firm which is the wholly-owned subsidiary of E. I. DuPont Nemours and Company has also announced to double its operations at its R&D centre, DuPont Knowledge Centre (DKC), located in Hyderabad. It has been developing a new techniques in food production and optimistic to come up with solutions that would decrease the use of fossil fuels to save environment and protect life on the planet. Thomas M Connelly, Chief Innovation Officer and Executive Vice-president, said DKC has been eagerly looking for opportunities in the agriculture segment especially in high-yield hybrids for producing high yield qualities and crop protection products. Connelly added, "We are planning to increase our investment to Rs 300 crore over a period of time. The agriculture and nutrition solutions contribute to about 26% of our total turnover."