Datwyler eyes to expand base in Indian pharmaceutical market

Image
ANI New Delhi [India]
Last Updated : Dec 05 2017 | 8:50 PM IST

Datwyler, the Swiss-based industrial supplier, has, in a move to cater to regional and global markets, announced the expansion of its plant in Pune which will be completed by end of 2017 and the first samples will be supplied in July 2018.

The expansion of facility incorporates First Line - the manufacturing concept for high-quality elastomer components and is set to make India the first market in the Asia Pacific region to incorporate this standard.

"The Indian market is of strategic value to Datwyler and our market share is quite substantial. We are currently supplying to the top ten pharmaceutical companies and global players in the region. For this reason, we are expanding our presence in India," Rahul Dev, Vice President India, Datwyler, said.

The company offers state-of-the-art solutions for drug packaging and medical devices and the facility at Pune is expected to create about 500 jobs by the end of 2018, majority to be staffed with members of the local community.

In recent years, the Indian pharma and healthcare market has become increasingly important for global manufacturers, suppliers and customers.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 05 2017 | 8:50 PM IST

Next Story