BASF Group has inaugurated its new Innovation Campus Asia Pacific, located in Mumbai, India. The project is Group’s largest research and development (R&D) investment in South Asia at an investment of up to €50 million. All global research operations at BASF Innovation Campus Asia Pacific (Mumbai) will be housed under BASF Chemicals India Private Limited, a 100% subsidiary of BASF SE. The new innovation campus will include global and regional research on a wide range of specialty chemicals.
Dr. Martin Brudermueller, Vice Chairman of the Board of Executive Directors, BASF SE and Chief Technology Officer, said, “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.”
BASF’s research capacities were established in 2005 and expanded in 2014 to cover agricultural research, organic synthesis, molecular modeling and advanced process research. The new Innovation Campus has significantly enhanced them over the years and includes state-of-the-art laboratories for chemical synthesis, application and process development, as well as analytics. Innovation Campus Asia Pacific (Mumbai) will enable the exchange of global know-how and encourage collaboration with customers, industrial and academic partners. Top scientists from India and other parts of the world will work jointly at the campus, which can accommodate up to 300 scientists.
“We see the demand for innovative solutions in many industries in India, including automotive as well as food and nutrition. Moreover, India is now home to a wide range of high caliber scientists and excellent domestic research capabilities,” said Mr. Sanjeev Gandhi, Member of the Board of Executive Directors, BASF SE, responsible for Asia Pacific.
BASF has been operating in India for more than 125 years, with all global businesses except for Oil & Gas. At the end of 2016, BASF in India had ten production sites & ten offices, as well as two R&D centers, located in Mumbai and Mangalore. BASF registered sales of approximately €1.1 billion to during 2016.
BASF Group works on contributing to the success of its customers in nearly all sectors and almost every country in the world. BASF portfolio is organized into five segments: Chemicals, Performance Products, Functional Materials & Solutions, Agricultural Solutions and Oil & Gas.