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“India is a key market” – Lanxess invests in innovation hub in India
Namitesh Roy Choudhury, Vice Chairman & Managing Director, Lanxess India Private Limited, talks about the inauguration of the new India Application Development Center (IADC), the growth potential of the Indian market and possible portfolio expansions to include pigments for the paints and coatings industry.
Why have you decided to open an application development centre in India?
Namitesh Roy Choudhury: The inauguration of the India Application Development Center (IADC) marks a significant milestone in our commitment to innovation and customer-centric solutions. This facility in India will enhance our research and development capabilities, thereby allowing us to provide customised solutions for diverse industries. It will foster product applications innovation, application testing and prototyping, ensuring faster response to market needs. Additionally, the center will strengthen collaborations, driving sustainable and high-performance solutions. This initiative reinforces our dedication to advancing specialty chemicals and supporting India’s growing industrial landscape.
How do you rate the potential of the Indian market for your activities?
Namitesh Roy Choudhury: The market presents significant growth potential for us. With increasing industrialisation & urbanisation, rising awareness of sustainability, and more stringent regulatory requirements on sustainable and safe formulations, the demand for high-performance solutions and preservation solutions is on the rise. Sectors like construction, healthcare and packaging are driving this growth, making India a key market for innovative and sustainable solutions.
Are you also planning to expand the focus of the IADC to include pigments used in paints and coatings?
Namitesh Roy Choudhury: We have been actively involved in the paints and coatings industry through the Inorganic Pigments (IPG) business unit. With recent projects and successful trials in the lubricant additives and materials protection product area, we are exploring ways to expand our capabilities. Extending pigment demand for high-performance pigments in paints and coatings, integrating such solutions into the IADC’s scope could be a strategic step in the future.
