New York Stock Exchange-listed speciality chemical solutions provider Ashland Incorporated plans to set up a manufacturing unit in India soon, a top company executive said here today.
"The company needs an ecosystem like availability of raw materials, transport, warehousing and logistics facilities as well as customer presence," Ashland Senior Vice-President and Chief Financial Officer J Kevin Willis told reporters here.
Ashland's clients in India include Dr Reddy's and Asian Paints.
Yesterday, the company formally inaugurated its Global Business Services Centre (GBSC) in Hitech City here which has a headcount of 120 employees.
The company plans to hire 180 more employees by the end of this year to take its overall strength here to 300 employees, Willis said.
"This centre (GBSC Hyderabad) is built to optimise global processes and be a strategic location to support Ashland's global operations", he said.
The centre would host functions like legal, infotech, human resources, financial analytics and product planning, among others, he said.
