Dow Chemical International Pvt. Ltd has signed an agreement with Royal Castor Products Ltd. Sidhpur, Gujarat at Vibrant Gujarat to perform research in environment friendly bio-based products & solutions using Castor Oil.
Dr. Ramesh Ramachandran, President and CEO, Dow India and Haresh Vyas, Director, Royal Castor has signed the agreement in presence of Hon. Chief Minister of the state of Gujarat, Narendra Modi.
The expo is aimed at bringing together business leaders, investors, corporations, thought leaders, policy and opinion makers for the advancement of business in Gujarat at Vibrant Gujarat.
Dr. Ramesh Ramachandran, President and CEO, Dow India, said, "This is a very exciting move for both our companies understanding the growth prospects and being in this region. This is an example of our commitment to meeting the needs of our customers through establishing joint ventures with strategic partners, using an asset-light investment approach."
Mr. Haresh Vyas, Director, Royal Castor, added, "We are happy to be associated with Dow to work on this project. Dows best-in-class research and development techniques will help us innovate new solutions and products in Castor Oil derivatives. We are confident that together we shall be able to provide major breakthroughs in Indias chemical industry."
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