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Agilent aims to continue with double digit growth in India

Press Trust of India  |  New Delhi 

US-based Agilent Technologies is aiming to continue with double digit growth in -- one of its top 10 markets globally -- as it expands presence in the country and launches new products.

The company had posted revenues of approximately Rs 500 crore in the last fiscal year.

"We are looking at continuing a strong double digit growth in during the next fiscal year. This fiscal year also, we are growing well. We follow November to October fiscal year," Agilent Technologies Pvt Ltd Country Manager India, Bhardwaj told PTI.

The company has also been able to grow its market share, he added, without quantifying the share percentage.

Bhardwaj was speaking on the sidelines of the launch of the company's new gas chromatograph -- Intuvo 9,000 GC System'.

"India is one of the top 10 markets for the company and is strategically important for us. The top markets are the US and China," Bhardwaj said.

India is one of the fastest growing emerging markets for the company, he added.

Agilent is also looking at expanding its geographical reach here.

"From a future point of view, we are investing a lot in tier II and tier III cities," Bhardwaj said.

Pharma and Oil & Gas are the biggest segments in India, while Food and Environment are the fastest emerging segments, he added.

Agilent is present in life sciences, diagnostics and applied chemical markets. The company provides laboratories worldwide with instruments, services, consumables, applications and expertise.

The company focuses its expertise on six key segments -- Food, Environmental and Forensics, Pharmaceutical, Diagnostics, Chemical and Energy, and Research.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, October 17 2016. 17:48 IST