Globalization of Indian businesses has thrown open incredible growth opportunities for Indian Companies to export their products. Exports open up large possibilities of revenue generation, since most of the products presently available in the world are coming out of patent by the year 2005. Initiation of exports requires registration of company's products in most of the countries together with approval of the company's facilities.
We have a state-of the art cGMP certified manufacturing facility at Tamil Nadu, India and all our products are ISO 9001:2008 certified. Our products are exported to Africa, Commonwealth of Independent States and Asia. We have commenced registration of our products in several countries including Malaysia, Tanzania, Sri Lanka, Ukraine, Nigeria and Nepal. We plan to export to other countries as well in the near future with our main focus in entering the highly profitable and high growth US and European markets.
Exports are expected to commence in a significant way during the current year and grow by leaps and bounds in the years to come. We plan to set up a second state-of-the art manufacturing facility which will measure up to the requirements of US FDA, UK MHRA and Australia's TGA Standards. Plans are also to identify and tie up with foreign companies for introduction of new products as well as manufacturing and co-marketing.
In the current financial year, we envisage a significant contribution from exports.
We have products registered and under registration in the following countries:
