Mumbai, March 7: Global chemical company BASF SE is stepping up its research & development (R&D) activities.
The company, which has two R&D centres in India, today opened its third facility at Thane in Navi Mumbai with an initial investment of 2 million euros, or around Rs 17 crore.
BASF is exploring the possibility of further investments in R&D in the Asia Pacific, including India. The new facility has been set up by BASF under its group company, BASF Chemicals India Pvt Ltd.
The Thane unit will have more than 60 scientists in the first phase. It will focus on advanced process and formulation research, discovery chemistry for modern agricultural solutions and molecular modelling.
“With our centre in Navi Mumbai, we have taken a significant step closer to BASF’s globalisation goal in R&D. By 2020, we plan to conduct 50 per cent of our research activities outside Europe — one quarter in the Asia-Pacific,” said Harald Lauke, president, biological and effect systems research at BASF.
Lauke said by setting up a research presence here, the company expected to be able to work directly with a wide range of scientific talents in India and take steps towards its strategic goal to innovate from the Asia Pacific, not only for the region, but also for the world.
BASF recently set up an agronomical research and development field station at Pune for its agricultural business.
“India is a core market for BASF with a strong scientific community,” Raman Ramachandran, head of south Asia, chairman, BASF Companies in India, said.
In India, BASF has R&D units in Mangalore and Mumbai, which are part of a global technology platform.
BASF offers chemistry-based solutions for almost all sectors of the industry. It has so far invested 1.8 billion euros in R&D. It has 10,650 employees worldwide and a research pipeline of 3,000 projects globally.