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Agappe Diagnostics eyeing 300 % growth (1)   17-May-08 19:08Tracked by (0)  
Posted by:   stox & more on ( 17-May-08 19:08 )
A leading name in the Indian Diagnostics Industry, Agappe Diagnostics Ltd, on Saturday said it expecting a turnover of Rs 80 crore this year.

This would mean a 300 per cent growth for the company, Thomas John, Managing Director, Agappe Diagnostics, told reporters here.

Last year, the growth was over 100 per cent, he said. Due to appreciating Euro and high manufacturing costs in western countries, there were problems in reducing prices.

"However, with acquisition of technology, we hope to take advantage of low manufacturing costs in India," he said.

As part of its expansion spree, Agappe was now engaged in exporting to countries in the Middle East, Europe and Africa, he said.

"To focus more on exports, Agappe is establishing its own subsidiary in Dubai called Agappe Middle East LLC which will function as a separate entity catering to exports," he said.

The Thane based company has moved its entire production facilities to the newly constructed state-of-the-art factory at Pattimattom in Kerala's Ernakulam district.

Agappe has launched a compact fully automated clinical analyser, manufactured by a Japanese firm. Already launched in the US and European markets, it was being launched in India for the first time, Thomas said.

*FE courtesy*
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