Business Standard

Monday, December 23, 2024 | 11:31 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

BASF to invest €3 bn in Asia-Pacific

India is third largest market for company in Asia, with 12% of Euro 12 billion sales

BASF mobile emissions catalysts production site in Chennai
Premium

BASF mobile emissions catalysts production site in Chennai

Gireesh Babu Chennai
Multinational chemicals manufacturing major BASF Group is planning to invest around Euro 3 billion in Asia-Pacific countries between 2017 to 2021 and a share of it will be invested in India, said Sanjeev Gandhi, member of the Board of Executive Directors, BASF SE. India contributes around 12 per cent of the company’s Euro 12 billion sales in Asia-Pacific and is the third largest market in the region. 

“The investment is aimed at building new capacities in Asia Pacific. India being one of our key markets will have its fair share in the planned investments. We are keen on expanding our presence

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in