Published On:May 11 2018
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Chinese devices-maker Lepu Medical sets up arm for India operations.
Chinese medical devices manufacturer, Lepu Medical Technology (Beijing) Co Ltd., has commenced its operations in India through a subsidiary.
Announcing the launch of its arm Lepucare (India) Vascular Solutions at a press conference here on Thursday, Aaron Li, Vice-President, Lepu Medical Technology, said India was emerging as a major market for medical devices.
“The demand here will far outstrip that of the current leading markets in America and Europe. Our entry into India, we consider is at an opportune time, will ensure arrival of the innovative technology, while making the market highly competitive through our affordable products,’’ he added.
The company, which recorded a turnover of $716 million in 2017, plans to invest and expand in India “step by step”; Lin said without quantifying the likely investment. To be begin with, it is commencing sales/marketing, services in addition to back office support operations.
“Our products are reliable, while being within the affordable reach of the Indian patient. Our India office will be located in New Delhi and will set up branch offices in other cities depending on the operational requirement,’’ said Jitendra R Kulkarni, Director-Sales, Lepu India.