India attracts R&D dollars

R&D investments in India are steadily growing. This Reuters report states that DuPont will double its investment in a planned R&D centre in Hyderabad to Rs2bn over two years.

The Hyderabad centre will be the company six largest outside the US. The centre, which will have a capacity for 650 people, will be operational by June 2008.

And last month, Dow Chemical signed an MoU for Rs4bn R&D centre at Pune. The centre will employ 500 researchers by 2010. The company already has 125 researchers working from a rented facility in Pune.

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