Science-based products and services provider DuPont said on Tuesday it will commission a plant at Baddi in Himachal Pradesh to manufacture animal and human healthcare solutions, seeking to earn Rs 50 crore (Rs 500 million) revenue from the business in the next 2-3 years.
"The plant is in the testing stage... It would commence production by the end of this month," DuPont India President and CEO Balvinder S Kalsi told reporters in New Delhi on Tuesday.
"The initiative makes sense in the wake of spread of epidemic like avian flu. The company will manufacture a range of bio-security chemicals including cleaners, disinfectants and sanitisers at the plant to prevent such diseases from mutating to humans," DuPont Animal Health Solutions Regional Marketing Manager (Asia Pacific) Dipal Parikh said.
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The products from the Baddi plant would be customised to suit needs of Indian farmers and would be marketed in the country through its channel partner Pfizer. DuPont India is a $400 million company and endeavours to maintain a year-on-year growth of over 20 per cent.
It expects to clock Rs 16-17 crore (Rs 160 to Rs 170 million) this fiscal, Kalsi said. The bio-security business is expected to yield Rs 30-50 crore (Rs 300-500 million) revenue in 2-3 years time, he said.
The company is present in agriculture, automotive paints, construction, safety and polymer segments in the country.
