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BASF India sets up R&D centre for agrochemicals at Lonikand

29 May 2015 Evaluate

BASF India has set up a research and development (R&D) centre for agrochemicals at Lonikand in Pune, its first in the country, at an estimated investment of Rs 64 crore. The centre will focus on global agriculture research on herbicides, fungicides and insecticides and will also offer to tailor-made solutions to the farmers.

In addition to conducting research in areas of global agricultural interest, the R&D centre will also investigate scenarios that are unique to India. These include challenges such as India’s specific weeds and pests, as well as climate stresses, like drought, flood cycles and heat stress. This is BASF’s fifth R&D centre in the world after Germany, Spain, Brazil and Philippines.

BASF India is a leading player in chemical sector and manufactures and markets a wide range of products such as expandable polystyrene, tanning agents, leather chemicals and auxiliaries including specialized metal complex dyes etc. in primary forms and crop protection chemicals.

Peers
Company Name CMP
Godrej Industries 1107.45
SRF 2561.00
BASF India 3607.50
Pidilite Inds. 1566.10
Tata Chemicals 693.50
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