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Bloomberg reports that DuPont Co., the third-biggest U.S. chemical maker, expects annual revenue from India to increase more than 40 percent to about $1 billion by 2012, aided by agriculture, infrastructure and automotive products. Sales in the nation this year may climb to about $700 million from $500 million in 2009, Chief Executive Officer Ellen Kullman in an interview in New Delhi, while attending the World Economic Forum summit. Spending on a local research laboratory will be boosted by 500 million rupees and the expansion will be completed by the middle of next year.
