Vitromed Healthcare to set up plant in Jaipur

Jaipur, Feb 24 (UNI) Polymed group, one of the fastest growing companies in the Rs 7,000 crore medical disposable sector has announced the launch of a new plant at the Biotech Park in the Pink City under a new company Vitromed Healthcare today.

Mr Himanshu Baid, managing director of the group sharing the business plans of his new venture said, ''Vitromed Healthcare plant will focus on nutraceutical and skin products based on Aloe Vera.'' He said the company has signed an exclusive agreement with Vitro Naturals of the US and Government of India for technology transfer for mosquito spray, mosquito cream and disinfectant for medical use from medicinal plants.

The prodcuts will be produced and exported to Europe and the US with the existing Polymed network over 50 countries.

Polymed a leading manufacturers of medical devices and disposables established in 1995 has a turnover of over Rs 90 crore.

It presently has manufacturing facilities at Bhallabgarh, Haridwar and one joint venture in project Egypt. The compnay has also acquired a US company to cater to the burgeoning demand in the US market, Mr Baid said.

UNI