To check Oneindia News on your Mobile
go to:   http://m.oneindia.in/news/
  •  

DuPont to invest Rs 100cr pa in Hyderabad knowledge centre

New Delhi, Mar 14 (UNI) Science-based products and services provider DuPont will invest Rs 100 crore each year in its upcoming knowledge centre at Hyderabad, being built at the same outlay.

''We are investing an amount of Rs 100 crore for building the knowledge centre. Almost a similar amount will be required every year in maintaining and running the facility with a staff of over 300 scientists,'' said Mr Balvinder Singh Kalsi, President and CEO of DuPont India, a subsidiary of 29 billion dollars EI du Pont de Nemours.

The company's first research and development knowledge centre in India, to be operational by first quarter of 2008, will focus on discovery research as well as application development in various areas.

It has signed an agreement with ICICI Knowledge Park for a long-term lease for the facility.

''The centre will provide services like basic research and development high-end knowledge besides high-end enginnering designing and IT solutions,'' Mr Kalsi told reporters here.

The company today also announced setting up of its first plant biotech research centre outside the United States at the facility in Hyderabad.

It has plant biotech centres in Delaware, Iowa and California along with 90 plant genetics research centres across the globe.

The biotech plant will accelerate the bringing of new crop genetics to the market and thus will support DuPont's seed business run as Pioneer Hi-Bred International Inc.

The company expects to engage 100-150 genetics scientists by this year-end. Twenty crop genetics scientists have already begun working at leased facilities near the site.

Agriculture and nutritional products contribute nearly 26 per cent to the company's revenues.

UNI

BPCL aqcuires 25 pc in 2 North Sea blocks

New Delhi, Mar 14 (UNI) Bharat Petroleum Corporation Ltd (BPCL) today announced it will acquire a 25 per cent interest in two blocks in the North Sea, UK. The company has signed a farm-in agreement for a stake in blocks 48/1b and 48/2c. Post the agreement, all the other consortium partners -- Encore (NNS) Ltd and Encore Petroleum Ltd, Operator NWE Southern Cross (UK) Pty Ltd and Tata Petrodyne Ltd -- will own 25 per cent each in the blocks......

PSL secures $21mln Reliance Industries' contract

New Delhi, Mar 14 (UNI) PSL Ltd, steel pipe manufacturer, today bagged a 21 million dollar contract from Reliance Industries (RIL) for a gas field in the Krishna-Godavari basin. The scope of responsibilities for the company, to be implemented at KG-DNN-98/3 gas field, includes the design, engineering, supply and installation of sacrificial anodes, fabrication and coating of induction bends, and other allied works like fabrication of spools at Kakinada. ''The gas find being developed by RIL lies in water depths ranging.....

JK: Air Force rescued pilot of crashed helicopter

Srinagar, Mar 17:  The Indian Air Force (IAF) rescued the pilot of Aloutee-III 316 helicopter which crashed in Sonmarg area in the Kashmir valley yesterday.Three other foreign skiers, who too survived the crash, reached Dachigam after covering the distance on foot. Information was received from civil administration that a helicopter was lost with three foreign skiers and a pilot on board in Sonmarg area, a Defence Ministry spokesman said.Air force helicopter with pilots Squadron Leader A S Rajput and Flight.....
User Comments
[ Post Comments ]
Be the first to comment on this article.
Oneindia  Oneindia Login