Summary:

To capitalize on the expanding China-plus-one supply chain shift, Atomgrid, a full-stack specialty chemicals platform, opened a new R&D facility in Bengaluru. The action is a response to the growing demand in the specialty chemicals industry worldwide for diverse sources. Currently housing 15 scientists and researchers, the facility intends to grow to 25 within a year, bolstering its foundation for innovation. It will establish Atomgrid as an end-to-end solution provider by concentrating on route exploration, process development, and knowledge transfer for commercial manufacturing. With a focus on high-purity and economical solutions, the center will create patented formulations for international markets and proprietary procedures for active substances. The program, which is backed by a funding round of Rs. 65.38 crore, strengthens India's position as a global center for innovation in specialty chemicals.

Source: IBEF

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