Friday, November 26, 2004

UK biotech major plans to set shop in Bangalore

CITY’S SCIENTIFIC SKILLS TILT SCALE

UK biotech major plans to set shop in Bangalore
Deccan Herald

One of UK’s largest biochemical and healthcare diagnostics companies has decided to set up a manufacturing base in Bangalore that will employ upto 40 people.
Belfast-based Randox, which makes biochips and evidence instrumentation, is the largest privately owned British company of its kind with 600 employees worldwide and an annual growth rate of 40 per cent.

It has hitherto been represented in India through sales offices in Mumbai and Kolkata and the decision to start a clinical diagnostics plant in Bangalore is based on an assessment of the expanding market in India and neighbouring countries. The availability of scientific skills in Karnataka and the ample supply of biochemistry graduates also influenced the decision to set up the plant in Bangalore. A spokesman for Randox told Deccan Herald, “We are at the initial planning stage and we are looking for single window clearance for the plant which will occupy 20,000 square feet.”

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