Processing .....please wait.. 
The article has been forwarded.... 
SABIC to make India a R&D hub for automotives
By SiliconIndia | Monday, 21 January 2008, 21:49 Hrs
New Delhi: SABIC Innovative Plastics formerly known as GE plastics is planning to expand its automotive Research and Development (R&D) operations in India. According to company sources this move is to tap the growing size of the country as an automotive hub.
Saudi Basic Industries (SABIC) acquired GE's plastics business in 2007 for $11.6 billion to form new company called SABIC Innovative plastics.
"We are planning a fully-integrated design and engineering center in India, and are also looking to set up a pilot manufacturing project here," said U Venkatakrishnan, Automotive Director.
The integrated design center will be located at Bangalore, with another satellite center at Baroda, he added. However he declined to reveal the amount of investment the company plans to make in India.
"We would be in a position to announce (the investments plan) by the third quarter (July-September) of 2008," he said.
The Bangalore center currently employs 300 people and plans to increases its head count by 50-60 people every year over the next five-year.
"We always believe in investing ahead of time. Head count will be consistent with with our growth rates," said Venkatakrishnan.
He said SABIC's Bangalore center already handles several global design operations for the company. "We want to increase that substantially."
SABIC has three more research and development center in New York, Munich and Shanghai.
Saudi Basic Industries (SABIC) acquired GE's plastics business in 2007 for $11.6 billion to form new company called SABIC Innovative plastics.
"We are planning a fully-integrated design and engineering center in India, and are also looking to set up a pilot manufacturing project here," said U Venkatakrishnan, Automotive Director.
The integrated design center will be located at Bangalore, with another satellite center at Baroda, he added. However he declined to reveal the amount of investment the company plans to make in India.
"We would be in a position to announce (the investments plan) by the third quarter (July-September) of 2008," he said.
The Bangalore center currently employs 300 people and plans to increases its head count by 50-60 people every year over the next five-year.
"We always believe in investing ahead of time. Head count will be consistent with with our growth rates," said Venkatakrishnan.
He said SABIC's Bangalore center already handles several global design operations for the company. "We want to increase that substantially."
SABIC has three more research and development center in New York, Munich and Shanghai.
Don't Miss ( 1-5 of 15 )
Experts on SiliconIndia
Sign Up for DailyDose and Read the Day's Highlights
|
- Latest Newsletter |
Post your Comment
All form fields are required.
Write your comment now
SiliconIndia:
About Us |
Contact Us |
Help |
Community rules |
Advertise with us |
Sitemap |
Question & Answer
News:
Technology |
Enterprise |
Gadgets |
Startups |
Finance |
Business |
Career |
Magazine |
Newsletter |
News archive
Cities:
CEO |
Startup |
Mobile |
CIO |
Women |
BI |
HR |
SME |
Cloud |
Marketing |
QA |
Java |
Web Developer
Community:
Members |
Blogs |
Mentorship |
Indian Entrepreneurs |
Gyan |
Advice |
Community |
Find |
Events |
CXO Insights
Online Courses:
Web Developer |
Java Developer |
CCNA Training |
SEO |
SAS |
SQL Server 2005 |
J2EE
Education:
MBA |
MCA |
Engineering |
Overseas Education |
Training Institute
Life:
Real Estate |
Travel |
Finance |
Gadgets |
Products |
Movie Reviews |
Jokes |
Videos
Send your and help us continue to improve SiliconIndia
© 2013 SiliconIndia all rights reserved
© 2013 SiliconIndia all rights reserved