09 December 2014

BASF to invest €50 million in new Innovation Campus in India

Mumbai, India and Ludwigshafen, Germany – 09 December 2014 – BASF today broke ground on a new Innovation Campus in Navi Mumbai, India, which will begin operation in 2017. The company will invest approximately €50 million in the 20,000 square meter site that will accommodate around 300 scientists investigating areas such as crop protection, process development and polymer research. The BASF Innovation Campus (Mumbai) will be a key hub of BASF’s global research and development (R&D) network, and, next to Shanghai, BASF’s second major R&D location in Asia Pacific.

“The Asia Pacific region faces enormous challenges that we address with innovation from chemistry. BASF operates a strong global R&D network, which we will further strengthen with investments in innovation capacities in Asia Pacific. We will not only serve our customers in all industries in the region but also in other regions with global research projects that will be led out of Mumbai,” said Martin Brudermüller, Vice Chairman of the Board of Executive Directors, BASF SE, and responsible for the Asia Pacific region. 

In 2015, BASF will celebrate its 150th anniversary around the world, and we are taking this opportunity to invite people to collaborate on solutions for global challenges related to urban living, smart energy and food. In this spirit, a stronger R&D presence in India will create new opportunities for building up and expanding customer relationships and scientific cooperation programs that will benefit both BASF and the India R&D community. Additionally, the BASF Innovation Campus (Mumbai) will open up career opportunities for local scientific talent,” said Raman Ramachandran, Chairman and Managing Director, BASF India Limited & Head South Asia.

BASF in India has 2,254 employees at eight production sites and sales offices as well as two R&D centers. In 2013, BASF registered sales of €1.02 billion to customers in India.

BASF had sales of about €74 billion in 2013 and over 112,000 employees as of the end of the year. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (AN).