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Kilpest India announces alliance for setting up Diagnostic Laboratory in Sambia

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announced that its subsidiary, 3B Blackbio Biotech India, has entered into a Business alliance / MOU with Dr. Prof. Subhash Hira, and Dr. Prof. Yassa Peirre Yoniene, (These two Global Public Health Experts in infectious diseases, who have occupied senior positions in UN, WHO, USAID, Global Fund, and have been to (MoH) Zambia, MoH India, MoH Congo), to form a step down subsidiary company in Zambia, a country in South-Central where 51% of the stake will be held by the company's subsidiary, and balance 49% will be held by the two global experts.

Based on the experience of Dr.

Prof. and Dr. Prof. the step down subsidiary will set up a in collaboration with Brook Besor University, Lusaka, where infrastructure and utilities will be provided by the university and equipments and manpower will be provided by

Initially the low investment outlay will be upto Rs 50 to 60 lakh out of which major part would be capital employed in purchase of equipments and a minor part would be towards working capital.

This funding would be done from internal accrual for which the company has comfortable cash flows. This Lab will use a lot of the Diagnostic Kits exported by the apart from few other kits sourced from others. This Lab will help the company to set good initial foothold in the African market which can help the company to expand further in other African countries. This will retain long term guarantees of Diagnostic Kits export to African continent.

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

First Published: Mon, September 10 2018. 18:49 IST