Advertisement

HindustanTimes Wed,30 Jul 2014

DuPont looks to double India revenues, opens integrated ballistic site

Vivek Sinha, Hindustan Times  Hyderabad, April 12, 2012
First Published: 23:29 IST(12/4/2012) | Last Updated: 23:31 IST(12/4/2012)

US-based engineering, science and high-tech solutions firm DuPont expects to double its India revenues to around $2 billion ( Rs. 10,000 crore) over the next five years. The company has identified energy, food and agriculture, automobiles, safety and protection and infrastructure as among its major growth drivers.

Advertisement

The company's revenues from the South Asian region stood at around $900 million ( Rs. 4,600 crore) during 2011 against global sales of around $38 billion ( Rs. 195,600 crore).

"We expect our India sales to grow by at least two-and-half times the country's GDP growth," said Rajeev A Vaidya president DuPont, South Asia told Hindustan Times on the sidelines of the inauguration of the company's ballistics facility at Hyderabad. The site will provide military, para-military forces, police and other security agencies a facility to test bullet-proof vests and helmets.

He said the company has made "significant investments" in India, without giving details. DuPont employs around 4,000 people in India.

DuPont uses biotechnology to develop insect-resistant varieties and hybrid seeds. It also develops products and technology for renewable energy sources such as in photovoltaic and bio-fuels. The company is also expanding to cater to the needs of tyres, transformers, oil and gas industry needs. In the safety and protection sector, DuPont provides next-generation technology, materials and standards for use by law enforcement agencies such as military and police.


Advertisement
more from Business

Rupee down 8 paise against dollar in early trade

The rupee depreciated by 8 paise to 60.21 against the US dollar in early trade on Wednesday, extending losses for the fourth day at the Interbank Foreign Exchange market due to month-end demand for the American currency from importers.
markets
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved