Omron Healthcare India, part of Japanese conglomerate Omron Corporation, is looking at over three-fold increase in sales here to touch USD 43 million (over Rs 235 crore) by end of FY15 on back of new product launches and network expansion.
"I am confident that we will increase our sales to USD 43 million by FY15 from present USD 14 million," Omron Healthcare India Managing Director Shinya Tomoda told PTI.
The sales target would be achieved by increasing the number of retail outlets across the country from the current 15,000 to 33,900 by the end of FY2014-15 and by new product launches, he added.
Omron Healthcare provides both home-use and professional medical equipment, including blood pressure monitors, body composition analysers (body fat monitors), thermometers, pedometers and nebulisers.
The company is also targeting to extend its presence in smaller cities as part of its expansion plans.
"Right now we are present in Tier-I cities but we are concentrating on going to Tier-II cities a part of our growth strategy," Tomoda said.
The company at present imports products for India via Singapore. It is now planning to import the products directly from the parent's manufacturing facilities from next year.
"From May, 2013 we will purchase the goods from factories in Vietnam, China and Japan directly," he added.
The company that is a major supplier of home-use healthcare devices is also targeting the hospitals as part of its business expansion plans.
"We are in touch with private hospitals like Max, Apollo and Fortis for our products," Tomoda said.
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