Financial Daily from THE HINDU group of publications
Wednesday, May 10, 2006
Financial Daily from THE HINDU group of publications Wednesday, May 10, 2006 |
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Outlook BPL Group sees energetic growth for healthcare biz Our Bureau
Bangalore , May 9 BPL Group expects its healthcare business division to post over Rs 500 crore revenues by 2010. Unveiling its strategy, the BPL management said in a statement that it has no plans to divest major stake in its healthcare division. It said the division plans entry into the rapidly growing vertical segments of the market, which include selected areas within critical care, home healthcare, dentistry and others, besides current core areas of focus — namely cardiology, gynaecology and patient monitoring systems. "These initiatives will be supported by selective investments in manufacturing. Capacity has already fallen into place to produce oxygen concentrators and we expect to manufacture ultrasound scanners and multi-parameter patient monitors shortly," the statement said. It said the medical devices market alone in India is currently estimated to be Rs 5,000 crore. With an estimated market share upwards of 40 per cent in ECG recorders, defibrillators and significant market shares in other medical device categories, BPL intends to capitalise on its brand, reach and longstanding presence in the healthcare fraternity to grow this business exponentially, the statement said.
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