Omron India eyes USD40 mn by 2018/19

 27-Dec-15, The Economic Times

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.

Image: Omron Healthcare

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.

"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 said.

Bullish on the Indian market, he said the "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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