Dow keen on more technology transfer in India

By agencies   |   Friday, 11 February 2005, 20:30 IST
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MUMBAI: One of the world’s largest chemical companies, Dow Chemical Co. said it was looking at India in a big way to license technology to Indian Petrochemical companies. ‘’In India, we are talking with all the petrochemical companies and are negotiating with companies setting up large capacities’’ said E. Deniz Yalvac, a product development manager with the company. She said at present Reliance Industries was using Dow’s technology and said talks were on with other leading companies like Indian Oil Corporation, Oil and Natural Gas Corporation and Gas Authority of India Limited. By 2010, India will become the third largest consumer of Petrochemicals, aided with huge demands from its growing industrial sector.