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Hyderabad: DuPont India Private Ltd, the wholly-owned subsidiary of E.I. duPont Nemours and Company, is eyeing long-term growth in India, which it feels is an emerging market, with key focus on agriculture, infrastructure, energy, automotive and demographics. The company is also planning to double its investment in its R&D centre in Hyderabad.
So far, it has invested Rs 150 crore for its R&D knowledge science centre, DuPont Knowledge Centre (DKC), which aims to develop innovative solutions with specialisations to increase food production, decrease dependency on fossil fuels, protecting lives and environment.
Thomas M Connelly, chief innovation officer and executive vice-president, said opportunities for the company lie in four areas, including agriculture, infrastructure, energy and automotive and demographics.
DKC would especially focus on high-yield hybrids, crop protection products and agri supply chains in agriculture. Incidentally, DKC, which was set up in 2007, has received its first patent in crop protection.
"Looking at the potential, 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. Our efforts in DKC are more critical to grow business in the country for global programmes and energy markets," he said.
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