With more and more pharma companies enhancing R&D and lab facilities in Gujarat, Godrej Interio is eyeing 25 per cent growth in its lab furniture and engineering solutions business in the state.
Godrej Interio is a business unit of Godrej & Boyce Mfg. Co. Ltd. - part of the Godrej Group, one of India’s largest engineering and consumer product groups.
Currently, Gujarat contributes about 10 per cent to the company's overall Rs 60 crore lab furniture and engineering solutions business.
"While it contributes 10 per cent, we expect the Gujarat market to grow more than the rest of the country. As against the national growth of 17 per cent, we expect Gujarat to grow by 25 per cent," said AI Buvaneshwar, senior general manager - international sales, Godrej Interio.
According to Buvaneshwar, pharma companies in Gujarat are investing about 7-10 per cent of their total budget on enhancing R&D facilities. “More and more firms are realising the potential of investing in green and cost efficient infrastructure. So far the laboratory furniture solutions market in Gujarat was dominated by regional and unorganised players. However, with global and national level companies coming in, pharma firms are opting for the latter," he said.
The company offers home and office furniture, along with solutions for laboratories, hospitals and healthcare establishments, education and training institutes, shipyards and navy, auditoriums and stadiums.
As of now, the lab furniture solutions business in Gujarat is about Rs 6-7 crore for Godrej Interio. The offers innovative interior solutions for your living room, bedroom, kids room, and offices. Moreover, lab furniture and end-to-end solutions is part of Godrej Interio's interior solutions for offices and workplaces.
In India, the company is present through our 50 exclusive showrooms in 18 cities and through 800 dealer outlets. Overall, Godrej Interio does a turnover of Rs 600-700 crore, of which Rs 60 crore of revenue is earned from the lab furniture segment.
