News & Events
Investment in India Increased to $100 Million
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New Delhi, India (October 24, 1996) -- While attending groundbreaking ceremonies for Becton Dickinson's new manufacturing facility in the Bawal Industrial Estate, Haryana, India, Clateo Castellini, Chairman, and Eugenio Naschold, President, Asia-Pacific, announced plans to increase the company's initial investment in India from $30 million to $100 million over the next five years. "India will continue to be a major focus area for our company in the Asia-Pacific Region. As we increase our presence in the country and identify local requirements, we will modify our products accordingly," explained Castellini to leading national and economic newspapers attending a press conference held there. The 12.5 acre facility, expected to be operational by 1998, will initially manufacture disposable needles, syringes, and catheters, gradually adding the company's range of products to serve the local market. The company will also look to export products manufactured there to neighboring countries. It will be the company's fourth manufacturing plant in the Asia-Pacific region after Japan, China and Singapore. Last year, the company established Becton Dickinson India Ltd., a 100-percent subsidiary; Chandra Sharma, Managing Director, has established a distribution network in India.
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