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New York NY, U.S
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Chemical manufacturing giant BASF Group has inaugurated its largest research and development investment in South Asia, in Mumbai, India, on March 3.
The total expected investment for the new Innovation Campus Asia Pacific is of around €50 million, and all global research operations will be housed under BASF Chemicals India Private Limited, a 100% subsidiary of BASF SE. It will expand the company’s existing R&D activities in India to include global and regional research on a wide range of specialty chemicals, including for leather.
“A growing need for energy, food and clean water, limited resources, and a rising world population pose huge challenges. Innovations based on chemistry will enable new solutions,” said Dr Martin Brudermueller, Vice- Chairman of the Board of Executive Directors, BASF SE and Chief Technology Officer. “As a consequence, BASF is expanding its research and development network, especially to emerging markets in Asia, as we want to drive innovation addressing customer and market needs at an early stage. Mumbai will be another powerful regional innovation hub for BASF, with proximity to the dynamically growing Indian market”, he added.
The new 20,000 sq m campus can accommodate up to 300 scientists, and aims to bring together top scientists from India and other parts of the world. It includes state-of-the-art laboratories for chemical synthesis, application and process development, as well as analytics.