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FM's universal healthcare proposal a step in right direction: DRL

In an exclusive conversation with CNBC-TV18's Nitya Balakrishnan, Saumen Chakraborty of DRL adds that the company will maintain its capex target of Rs 1,000 crore for FY19, and it will focus on biological research and development (R&D).

February 08, 2018 / 02:15 PM IST

Pharma giant Dr Reddy's Laboratories (DRL) believes that Finance Minister (FM) Arun Jaitley's universal healthcare proposal in Budget 2018 is a step in the right direction.

In an exclusive conversation with CNBC-TV18's Nitya Balakrishnan, Saumen Chakraborty of DRL adds that the company will maintain its capex target of Rs 1,000 crore for FY19, and it will focus on biological research and development (R&D).

FM Arun Jaitley's universal healthcare proposal in Budget 2018 will drive up consumption in the pharmaceutical space, he said.

For more, watch accompanying video...
CNBC-TV18
TAGS: #Business
first published: Feb 8, 2018 01:48 pm
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