Business & Economy

Indian pharma companies
thriving in Latin America

What is India News Service, Monday, 8 November 2004, 2000 hrs IST


Domestic pharmaceutical companies are drumming up the beat in the Latin American markets. Ranbaxy Laboratories, Nicholas Piramal, Zydus Cadila, IPCA Laboratories, Ind-Swift Laboratories and a host of others are expanding their operations in this geography in a big way. 

While Nicholas Piramal India Ltd (NPIL) is open to "various options" such as acquisitions, distribution alliances and even setting up subsidiaries there, Ranbaxy has established a regional office in Rio De Janeiro, Brazil, to oversee its Latin American operations. It is setting up a manufacturing unit in Brazil, and is present in Peru, Mexico and Venezuela. 

Others such as Ind-Swift and Zydus Cadila plan to export into the markets while IPCA, Glenmark and Strides Arcolab have a direct presence in the region.

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