Business Daily from THE HINDU group of publications
Saturday, Sep 30, 2006

Cross Currency

Group Sites

Corporate - Outlook
Claris gears up to enter the Philippines market

Our Bureau

May set up manufacturing facility in 2 years

Ahmedabad , Sept. 29

The Ahmedabad-based Claris Lifesciences Ltd is all set to enter the Philippines pharmaceutical market with its range of sterile injectable products and the company may set up a manufacturing facility there in the next couple of years.

The Philippines Ambassador to India, Ms Laura Quiambao Del Rosario, who held discussions with the Claris Chairman and Managing Director, Mr Sushil Handa, here told Business Line on Thursday that concrete proposals are likely to be finalised when the Philippines President, Ms Gloria Arroyo, visits New Delhi in March 2007.


She said Claris would be a trailblazer in making available affordable life-saving products to the Philippines, which has a pharmaceutical market worth $1.5 billion. Also, since the Filipinos feel that the Western companies' medicines were over-priced, Claris could be the leader in inculcating a feeling that even Asian pharma companies, particularly Indian, could supply the best of medicines cheaply. "Clearly, some of the Western companies are worried," she remarked.

During her business trip here, Ms Arroyo would also explore possibilities of the two countries' mutual cooperation in sectors like food processing and BPO in Gujarat and mining, pharmaceuticals, agriculture, biotechnology, and bio-fuels in other States of India.

A subsidiary

Ms Rosario said the Tatas, Birlas and Infosys, among others, have already made investments in the Philippines in different sectors in the past.

Claris officials said the company had already set up a subsidiary, Claris Lifesciences Philippines Inc, to strengthen its position in that country's market.

More Stories on : Outlook | Pharmaceuticals | Overseas Investments

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Germany's Altana Pharma to open R&D unit in Mumbai

Lilavati going Escorts way?
JK Paper: Clarification
SAAG bags IT Park construction order
Meghmani wins award
ABB to ramp up automation products biz
ABCL announces revamp, 15% dividend
Sakthi Sugars restructures finances under CDR scheme
Singapore retail investors' award for Meghmani
CII summit stresses corporate governance
Maharashtra signs MoU with Ballarpur
NTPC's Unchahar unit synchronised
Mankind Pharma plans to invest Rs 70 cr for expansion
Wipro Infra acquires Swedish co Hydrauto
GAIL looking at E&P blocks in Africa
Godrej Ind plans to develop SEZs
Nahar Industries plans foray into real estate
Kinetic to launch 6 scooter models in 3 yrs
Reliance undecided over fuel retail business
Claris gears up to enter the Philippines market
Om Narayan takes over as IGL MD

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line