How much was invested in the new green field project at IMT Faridabad in Haryana? Can you give us some details of the facility and which new products are manufactured in the new facility?
Poly Medicure has spent Rs 60 crore on the new green field project, another Rs 50 to 60 crore will be spent on the capacity expansion, automation and new products to be launched. Polymed produces 100 different types of medical devices, the category ranges from infusion therapy, central venous catheter, blood management system, surgery and wound drainage, anaesthesia, urology, gastroenterology and dialysis. With 98 per cent products of the renal care imported, we will soon launch miniature portable artificial kidney dialyser, which will help in continuous blood cleansing. In many hospitals to save costs, the dialyser filter is reused in patients six or seven times, which exposes them to infections such as Hepatitis B and C. Only few patients are able to afford new dialyser as it costs Rs 2500 to Rs 3000. Most of these filters are imported and they remain a financial burden to the patients. A filter developed indigenous in India will help decrease the cost and more people will be able to afford it. The Poly Medicure dialysis product package will be ranging from Rs 500 to 550, which is Rs 800 in the market. Our idea is to make more products in the import substitution. Polymed has over 100 products and every year we try to bring in at least eight new products into the market.