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Hindustan Latex To Open Hospitals

Public sector Hindustan Latex plans to set up low-cost hospitals, particularly in northern India, to promote good quality reproductive health services.

Hindustan Latex and HLFPPT, a non-profit organization promoted by the company, have decided to join hands to set up hospitals in Uttar Pradesh, Bihar and Uttaranchal under the Lifespring Hospital network. The first such hospital has already been opened in Maula Ali, Hyderabad. "The sole aim of the hospitals is to provide good quality reproductive health services to poor people at affordable prices. We would be charging just Rs 1,500 for a three-day stay in the hospital for delivery," the company's chairman & managing director M Ayyappan told reporters here on Thursday. Headquartered here, Hindustan Latex is the largest condom manufacturer in the country. While its turnover in the last fiscal grew 20% and touched Rs 195 crore, its profit reached Rs. 20.11 crore.

(Ref : The Economic Times dated 17, December 2005)

Becton Dickinson To Make India Base For New Drugs

US based Becton, Dickinson and company, is planning to make its India facility a manufacturing base for new drug delivery systems (NDDS) such as pre-filled syringes and oral packs.

India will be the second company in the world where BD will manufacture oral packs after Brazil.

BD India plans to export its NDDS products to Europe and it is all set to begin manufacturing of auto-disabled syringes, which so far were only being packed and sterilized in its Haryana facility.

"The Indian facility, will now also manufacture products both for the Indian and the global market," said Ram Sharma, MD BD India. While BD's China and Singapore facilities cater to the global market, the Indian facility was so far focused only on the local market.

BD India, a 250 people company, is hoping to double its headcount and become a $100mn company over the next three years." With India being an important market over the next few years we will step up our investments and double headcount and revenues from India," added Mr. Sharma. The company's current annual revenues are in the region of $55mn and it is looking to touch $65 million by September 2007.

(Ref : The Economic Times dated 9, October 2006)


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