American multinational conglomerate 3 M on 23 September 2011 announced the launch of its second research and development facility in Bangalore, India. 3 M established R&D centre with an investment of 100 crore rupees. Although the company had a bigger presence in China, revenues in China were growing faster.
The company plans to increase its sales in India from 1175 crore to 5000 crore rupees within the next five years. American multinational conglomerate 3M, was earlier known as the Minnesota Mining and Manufacturing Company.
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