Financial Daily from THE HINDU group of publications Tuesday, Aug 24, 2004 |
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Marketing
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Direct Marketing K-Link Healthcare to market local product Our Bureau
Kolkata , Aug. 23 K-LINK Healthcare, the Indian arm of Malaysian direct sales company, K-Link International, is procuring its first local product from a Kochi-based contract manufacturer, Arjuna Herbal Extracts. The new product, made of flax seeds, supposedly the richest source of essential fatty acid (EFA), is to be marketed as a dietary supplement. Mr P. Devadas, Director of K-Link Healthcare, said here today that the parent company plans to outsource the product for its international distribution chain also. "We are also looking at opportunities to outsource some ayurvedic, homeopathic and cosmetic products from the country for global marketing." K-Link International, a $40 million company, has a marketing presence in 47 countries. "It is purely a marketing company and does not have manufacturing outfits of its own. The products are sourced from a string of contract manufacturers located in different countries. We also rely on contract R&D," Mr Devadas said. In India, K-Link Healthcare, so far has been importing 15 products and selling mainly through a network of 25,000 distributor-members. Sales turnover achieved by K-Link Healthcare during 2003-04 was around Rs 18 crore.
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