Germany based BASF Group inaugurated its new Innovation Campus Asia Pacific in Mumbai, India. The project with an investment of €50Mn ($53.8Mn) is the group’s largest R&D center in South Asia. The new investment will be able to help employ around 300 scientists.
The R&D center is expected to serve industries like automotive, food and nutrition.
BASF is a German chemical company and the largest producer in the world. The BASF Group comprises of subsidiaries and joint ventures in more than 80 countries and operates six integrated production sites and 390 other production sites in Europe, Asia, Australia, the Americas and Africa. It’s headquarter is located in Ludwigshafen, Germany.
BASF (Badische Anilin- und Soda-Fabrik, or, in English, Baden Aniline and Soda Factory) was founded on 6 April 1865 in Mannheim, in the German-speaking country of Baden by Friedrich Engelhorn.
Source: – BASF’s Press Release