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Chinese medical devices manufacturer, Lepu Medical Technology (Beijing) Co. Ltd, has commenced operations in India through a subsidiary. Announcing the launch of its arm, Lepucare (India) Vascular Solutions Pvt Ltd, at a press conference here on Thursday, Aaron Li, Vice-President, Lepu Medical Technology, said India was emerging 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, which 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 mn 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 world-class and 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.
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