BASF SE, a specialty chemicals maker, has launched a new global research and development centre at a factory site located in Navi Mumbai.
The project has been developed by BASF Chemicals India, a group company of BASF SE, at an initial investment of Rs 17 crore. The new research facility will focus on organic synthesis, advanced process and formulation research, discovery chemistry for modern agricultural solutions and molecular modelling.
The new facility is part of the company's plan to conduct 50 per cent of its research activities outside of Europe by 2020, and the other half of it in the Asia Pacific region.