US wellness player Ionic Msm enters Indian mkt

US-based wellness company Ionic Msm Inc has forayed into the Indian market and is targetting to reach Rs 500 crore sales in next five years.
The company has setup a fully integrated manufacturing unit which is located at Jaipur, Rajasthan, said a statement.
It has collaborated with Ionic Msm Ltd India, which is promoted by industrialist Santosh Kumar Bagla and have entered in the Indian market by launching a wide range of MSM based products.
Ionic Msm is known for its MSM (Methylsulphonylmethan) based products which is an organic form of Sulfur.
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Crusaders Tech adds two new air purifiers * Delhi-based Crusaders Technologies India, which has lined up an investment of Rs 50 crore for its expansion, has strengthened its portfolio of air purifiers by adding two new models, which are specially designed for Indian conditions.

XJ-5000A is a ceiling mount airpurifier and CF-100 a car and desktop unit.

This is in line with Crusader's plans to corner 15 per cent of market in the segment by 2018, which has become highly competitive.
"We plan to invest Rs 50 crore in the coming year and expecting a revenue of Rs 25 crore in the next financial years," said Crusaders Technologies Director, Sales and Marketing Ankur Chawla.
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Schreiber Dynamix opens Rs 250 cr plant in Baramati * Schreiber Dynamix Dairies inaugurated its first plant in India to commensurate the growing consumer demand for safe and hygienic milk powder for infant food application and other high quality dairy ingredients.

Schreiber Dynamix, in which the US-based global dairy giant Schreiber Foods holds a majority stake, has invested Rs 250 crore in the plant situated at Baramati.
The facility was inaugurated by Mike Haddad, President & CEO Schreiber Foods, Francois Salamon, President Schreiber International and Amitabha Ray, Chairman & Managing Director Schreiber Dynamix Dairies Pvt Ltd.