BASF has broken ground on a new Innovation Campus in Navi Mumbai, India. The company will invest approximately €50 million via BASF Chemicals India Private Limited, a 100 percent subsidiary of BASF SE. The facility will accommodate around 300 scientists investigating areas such as crop protection, process development and polymer research.

In 2020, BASF aims to generate €30 billion of sales worldwide with products that have been introduced tothe market since 2011. The basis for these innovations is effective and efficient research and development.

To achieve this ambitious goal, BASF is further developing the research organization and bundling its competencies in three global platforms, with the headquarters of Advanced Materials & Systems Research based in the Asia Pacific region. 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.

"Along with this important new investment in the BASF Innovation Campus (Mumbai), we are also establishing specialized research facilities in Asia Pacific in the areas of electronic materials, battery materials, catalysis, mining, water treatment, polymers and materials. Step by step, Asia Pacific thus becomes an integral part of our global innovation power."

The BASF Innovation Campus (Mumbai) will host global research activities and regional and local development activities. Development activities will serve BASF's Performance Chemicals, Care Chemicals, and Pigments & Dispersions businesses. By combining development activities with global research, the campus will foster exchange of know-how and ideas about latest technologies and methods, ensure access to state-of-the-art equipment, and create synergies.

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