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Saudi firm SABIC opens new India technology hub

11.29.2013  | 

The center will house 300 scientists, whose roles are to carry out research into new platforms for next-generation materials across industry sectors such as construction, clean energy, electronics, medical devices and transportation. SABIC is making a $100 million investment into the facility.

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Saudi Arabia-based SABIC on Friday opened its new $100 million technology center in Bengaluru, India.

The technology center will house 300 scientists, whose roles are to carry out research into new platforms for next-generation materials across industry sectors such as construction, clean energy, electronics, medical devices and transportation.

"Other initatives include designing greener building materials to reduce environmental footprints and developing eco-friendly products in response to global megatrends and needs," the company said in a statement.

SABIC has 17 technology and innovations centers around the globe, with the India location the newest.

"Saudi Arabia and India have a long history of deep relationships," said Prince Saud bin Abdullah bin Thenayan Al-Saud, chairman of SABIC.

"We believe in the future of India -- a rapidly developing nation where partnership and inclusive development is a priority," he added. "India is an important market for us in Asia, which is why our investment here is significant."



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Rajeev Gupta
12.03.2013

With the financial backup from SABIC, world's one of the biggest firms; and the intellect of India, this tie up will go a long way in the development of Next-Gen materials which will be a great service to the mankind across the globe. Wish this tie up the very best.

Muhammad Muazzam
12.03.2013

Opening of technology Center in India is very good initiative of SABIC firm of Saudi Arabia. SABIC may also consider to open similar technology Center in Pakistan.

Mohamed Abdur Rahman
12.02.2013

Long awaited investment.
Most reliable, economical, innovative & efficient location.

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