Dow Chemical's Indian arm to invest Rs 2.2 crores

MUMBAI, OCTOBER 28: Dow Chemical International’s Indian arm will pump in Rs 2.2 crores over two years in the Jimmy Carter Work Project, a humanitarian venture launched by the former US President, in the country.
The money would be used to construct 65 houses for the poor near here, Dow Chemical Director Rakesh Chitkara said today.
Jimmy Carter is in India to oversee construction of houses for the poor at Lonavala, about 125 kms from here, as part of the Jimmy Carter Work Project.
Dow Chemical is consolidating its position in the fast growing chemicals market, which is expected to touch USD 60 billion in the next four years from USD 30-35 billion currently, Chitkara informed.
In future, the US chemical giant’s Indian arm, which clocked sales of USD 325 million in the last financial year, plans to diversify into biotechnology and water purification businesses, he said.

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