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DuPont upbeat on India, to hire 300 employees
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DuPont upbeat on India, to hire 300 employees
Did we hear slowdown? DuPont India
is all set to prove that even at the time of slowdown, the company is growing by leaps and bounds. While globally people were fired, the India division is hiring people and has a target of adding 300 more people to its already existing workforce. Diane Gulyas , Group VP, DuPont talks to ET about how DuPont India will drive the growth for DuPont. Excerpts:
What is going to be your India strategy?
We will have a two-fold approach in India. One is to drive the growth in the Indian market and the other is to leverage the advantage that India offers for the global market. We plan aggressive sustained profitable growth. We will focus on mega opportunities namely agriculture and food, automotive, construction materials and renewable energy.
Will India drive the growth for Dupont?
Almost two-third of our revenues come from outside US of which majority comes from emerging markets, mainly India and China. Since China is dependent on US for export, it’s only India that has managed to do well at these times. Globally we have been laying off people, but we plan to hire people in India. We employ more than 1000 people in the country.
Almost 180 scientists and other employees are already working in the DKC and we expect 300 by next year and 600 on full occupation. Last year our revenue was $30.5 billion of which 9% came from emerging Asia, of which India is a major contributor.
How has been DuPont India’s performance vis-a vis the entire group?
India has been the bright spot for DuPont. It has been the only country that has shown positive growth this year. We are quite hopeful that we will continue to grow faster than the Indian GDP. For the past 5-6 years, we have been growing at a CAGR of 24%.
India contributed $500 million to overall DuPont sales last year. The reason we have grown is because we are diverse. There are sectors that have not been hit by slowdown and this diversification meant that we continue to register growth.
Which are the sectors in India that look promising?
There are 4-5 such sectors that will continue to grow. Agriculture has a very strong position, infrastructure looks a huge positive to us. Then there is automative and photovoltaic that we feel has a huge market. Defence and security has come up as another sector where there is huge demand.
Sector wise performance last year showed that agriculture and nutrition contributed the most with 29% followed by coatings and colours at 24%. Performance materials contributed 23% to the sales of DuPont India and safety and protection added 16%.
Source:
http://economictimes.indiatimes.com/DuPont-upbeat-on-India-to-hire-300-employees
is all set to prove that even at the time of slowdown, the company is growing by leaps and bounds. While globally people were fired, the India division is hiring people and has a target of adding 300 more people to its already existing workforce. Diane Gulyas , Group VP, DuPont talks to ET about how DuPont India will drive the growth for DuPont. Excerpts:
What is going to be your India strategy?
We will have a two-fold approach in India. One is to drive the growth in the Indian market and the other is to leverage the advantage that India offers for the global market. We plan aggressive sustained profitable growth. We will focus on mega opportunities namely agriculture and food, automotive, construction materials and renewable energy.
Will India drive the growth for Dupont?
Almost two-third of our revenues come from outside US of which majority comes from emerging markets, mainly India and China. Since China is dependent on US for export, it’s only India that has managed to do well at these times. Globally we have been laying off people, but we plan to hire people in India. We employ more than 1000 people in the country.
Almost 180 scientists and other employees are already working in the DKC and we expect 300 by next year and 600 on full occupation. Last year our revenue was $30.5 billion of which 9% came from emerging Asia, of which India is a major contributor.
How has been DuPont India’s performance vis-a vis the entire group?
India has been the bright spot for DuPont. It has been the only country that has shown positive growth this year. We are quite hopeful that we will continue to grow faster than the Indian GDP. For the past 5-6 years, we have been growing at a CAGR of 24%.
India contributed $500 million to overall DuPont sales last year. The reason we have grown is because we are diverse. There are sectors that have not been hit by slowdown and this diversification meant that we continue to register growth.
Which are the sectors in India that look promising?
There are 4-5 such sectors that will continue to grow. Agriculture has a very strong position, infrastructure looks a huge positive to us. Then there is automative and photovoltaic that we feel has a huge market. Defence and security has come up as another sector where there is huge demand.
Sector wise performance last year showed that agriculture and nutrition contributed the most with 29% followed by coatings and colours at 24%. Performance materials contributed 23% to the sales of DuPont India and safety and protection added 16%.
Source:
http://economictimes.indiatimes.com/DuPont-upbeat-on-India-to-hire-300-employees
