Omron Healthcare India eyes $40 million sales in 2018-19 fiscal
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NEW DELHI: Japanese health monitoring products maker Omron Healthcare is looking at over two-fold increase in its revenues in India to USD 40 million (nearly Rs 265 crore) by 2018-19 on the back of sales network expansion across the country.
The company, which is expecting to clock sales of USD 18.8 million in the current fiscal, is also open to the idea of opening a factory in India depending on the demand of its products here.
"We are targeting to achieve sales of USD 40 million for the fiscal year 2018-19. India is a very important market for us," Omron Healthcare India Managing Director Hisao Masuda told PTI.
Bullish on the Indian market, he said the "target would be achieved as there is a huge market in India for our products due to increasing burden of non-communicable diseases such as cardiovascular, diabetes and respiratory ailments".
The company, which is expecting to clock sales of USD 18.8 million in the current fiscal, is also open to the idea of opening a factory in India depending on the demand of its products here.
"We are targeting to achieve sales of USD 40 million for the fiscal year 2018-19. India is a very important market for us," Omron Healthcare India Managing Director Hisao Masuda told PTI.
Bullish on the Indian market, he said the "target would be achieved as there is a huge market in India for our products due to increasing burden of non-communicable diseases such as cardiovascular, diabetes and respiratory ailments".
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