MUMBAI, INDIA - August 12, 2008 - The IIT Bombay Heritage fund organized a gala event in New York to celebrate the 50th Anniversary of Indian Institute of Technology, Bombay. The event titled, "Looking Ahead - The Next 50 Years" was sponsored by Dow India, through its sponsorship initiative and was co chaired by Citigroup retired Vice Chairman, Victor Menzes and Infosys Chairman Nandan Nilekani.

The golden jubilee celebrations of India's premier engineering institution, IIT Bombay were organized from July 18 "“ 20, 08 and was attended by over 1000 participants. Along with noted participants, Hank Kolhbrand, Director Engineering Processing, The Dow Chemical Company participated as a panel speaker at the session on 'technology in manufacturing from chemical perspective'.

Commenting on the occasion, Dr Ramesh Ramachandran, CEO Dow India said, "With over 50 IITs working at Dow, it made perfect sense for Dow to sponsor the alumni event. At Dow, we acknowledge the remarkable contribution IITians have made towards maintaining Dow's global leadership in the field of R&D." He further added, "We have great respect for Indian IIT's. It is our privilege to be a part of IIT Bombay's golden jubilee celebrations and would reaffirm our commitment towards supporting the various initiatives being undertaken by the pioneering institute."

The event, which started on July 18, 08, witnessed Jamie Dimon, Chairman of the Board, CEO, JPMorgan Chase & Co and Frank G Wisner, Ex U.S Ambassador to India and Vice Chairman. External Affairs of AIG as the keynote speakers. Apart from those, prominent personalities like Ronen Sen, India’s Ambassador to United States and Rajat Gupta Senior Partner Emeritus, McKinsey & Company were also prominent attendees of the event.

About Dow India

Dow Chemical International Private Limited, headquartered in Mumbai, has more than 700 employees, including the head office, one manufacturing site and three Centers of Excellence. Operations in India have experienced exciting growth with annual sales crossing the Rs 1880 crores ($470 mm) mark in 2007. As a responsible corporate citizen, Dow India has helped build homes for the homeless through the 'Habitat for Humanity' Jimmy Carter Work Project, supplied free artificial limbs through the 'Jaipur Foot' initiative, and collaborated with the Byrraju Foundation to supply clean drinking water to villages in India.

About Dow

With annual sales of $54 billion and 46,000 employees worldwide, Dow is a diversified chemical company that combines the power of science and technology with the "Human Element" to constantly improve what is essential to human progress. The Company delivers a broad range of products and services to customers in around 160 countries, connecting chemistry and innovation with the principles of sustainability to help provide everything from fresh water, food and pharmaceuticals to paints, packaging and personal care products. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted.

OLD - Dow Chemical Company

OLD - Dow Chemical Company

With annual sales of $54 billion and 46,000 employees worldwide, Dow is a diversified chemical company that combines the power of science and technology with the "Human Element" to constantly improve what is essential to human progress. The Company delivers a broad range of products and services to customers in around 160 countries, connecting chemistry and innovation with the principles of sustainability to help provide everything from fresh water, food and pharmaceuticals to paints, packaging and personal care products. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted.