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HindustanTimes Sat,29 Nov 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.

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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.


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