DuPont (DD - Free Report) recently unveiled The Power of Shunya – a growth strategy aimed at solving demographic challenges faced by India. The company intends to address difficulties arising from India’s growing population, in particular its increasing youth and urbanization that is leading to a mushrooming middle class, by embracing the power of zero.
The Power of Shunya seeks to strengthen DuPont’s ties with Indian businesses, government agencies and academic institutions for developing sustainable solutions with zero negative impact on society.
DuPont uses integrated science and technology to deliver innovative solutions for adequate, safe and nutritious food supplies and better access to uninterrupted and renewable energy.
Challenges of such huge magnitude cannot be addressed single handedly by any government, organization, company or individual. These require the commitment and coming together of multiple stakeholders.
DuPont – by collaborating with local partners, customers, and public and private sectors – can help building world-class infrastructure in India, while keeping the country’s people, assets and the environment safe.
DuPont is committed to constantly explore and innovate science powered solutions in the domain of energy, agriculture, infrastructure, safety and sustainability, and food and nutrition. The latest strategy strives to ensure “shunya” or zero hunger, workplace hazards or carbon footprints.
With an aim to strengthen its local collaborative foothold, DuPont opened an Application Development Center in India on Aug 21. It will combine advanced material science with other scientific disciplines to offer automobile industry light-weighting as well as safe and improved engine performance solutions. The center is an expansion of the company’s integrated science capabilities at the DuPont India Knowledge Center in Hyderabad.
DuPont‘s new Application Development Center is expected to deliver value-added solutions to customers in automotive as well as railways, electrical/electronic components, food processing, agriculture, irrigation and textile industries.
The center’s focus will be on working closely with local customers and partners visiting the DuPont Innovation Center in Pune, networking with DuPont’s global technical experts comprising 10,000 scientists and engineers, offering products and solutions tailored for needs in India and South Asia, and bringing those sustainable solutions faster to the market.
DuPont carries a Zacks Rank #3 (Hold).
Other companies in the chemical industry with favorable Zacks rank are Cytec Industries Inc. , Northern Technologies International Corp. and Eastman Chemical Co. (EMN - Free Report) . All these stocks look promising with a Zacks Rank #2 (Buy).