3M India to open R&D lab in Bangalore

3M India Limited today announced that a new R&D facility will be established in Bangalore by middle 2010 to develop products for local markets and to connect better technology to customers, Mr Inge Thulin, Executive Vice-President, 3M International Operations said today.

''Building this new innovation lab is part of our growth strategy for India. Our intention is to accelerate development of products in India for India through a local, cutting-edge R&D capability and to provide growth and developmental opportunities for local talent, according to a press release here. Dr Jay Ihlenfeld, Senior Vice-President, 3M Asia Pacific, said ''the new R&D Center will also draw from the expertise, learning and knowledge base of 3Ms global R&D network and will leverage its multiple technology platforms to create winning solutions. In addition, we believe that this facility will be a critical hub to contribute product platforms for our global markets.'' Globally, 3M has 35 labs across the world. In keeping with its focus on innovation, 3M invests approximately 6 per cent of its sales on R&D. The new facility in India is expected to be completed by the fourth quarter of 2010.

A recognized leader in research and development, 3M, with US Dollar 25 billion in sales, employs 79,000 people worldwide and has operations in more than 60 countries.

-- (UNI) -- 02MC7.xml

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