- Homeopathy company, Dr Batra’s, aims to operate 450 clinics globally in the next five years and will invest Rs 20 crore in international expansion in 2016-17
- As per them, homeopathy is recognized in 86 countries and the market is growing at 25% internationally but there is stagnant growth in India
- It has presence in Tier-I, II and III Indian cities and will look to enter new international markets like Bahrain, Switzerland, Canada, France, Malaysia and South Africa
- Stringent healthcare regulations in international markets could pose a challenge
- Sometimes, registrations and work permits for doctors are difficult in these countries
Read more at articles.economictimes.indiatimes.com
- IIPL Bytes:
- It will be interesting to understand on why there is stagnant growth of homeopathy market in India?
Arnab Guha
Mr. Arnab Guha is a Food Scientist and is currently the Founder, Director and Chief Visionary Officer at Impeccable Innovations Pvt. Ltd. (www.impeccableinnovations.com).
He has total of 15+ years of work experience, having earlier worked cumulatively 10 years in MNCs in Food Industry (Heinz & Britannia) as well as Biotech industry (Novozymes) where worked lastly as Senior Enzyme Application Scientist. Overall, he has stints in various scientific departments like Food Manufacturing, R&D, Corporate Manufacturing & Innovation-Scale-up. He is also inventor in 5 patent applications. Along with years of research work in Health Food & Agriculture, he has 450+ days of plant trial experience in food-to-agri processing. He is passionate about scientific innovations; has 24×7 scientist-mindset and considers his initial 7-months of in-plant training experience in Nestle, Unilever & Coca-Cola as his main roots of knowledge .
DISCLAIMER: Views expressed above are the author’s own.