Torrent Sets Up Units In Brazil, Germany
The company expects to increase revenue from exports in the current fiscal
The city-based Torrent Pharmaceuticals Ltd has set up wholly owned subsidiaries in Germany and Brazil, spreading its operations in the two major export markets and is planning to consolidate its presence in various other countries.
The Rs 305-crore company has set up Torrent Do Brasil Limiteda (TDBL) in Brazil and Torrent Pharma GmbH in Germany.
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The pharma major, which is presently marketing its products in Asian and African countries, had registered a 19 per cent growth in exports in the last fiscal year.
The company expects to increase the export revenue by the end of the current fiscal year with the setting up of the new subsidiaries.