Shree Ramkrishna Exports Diversifies with Kriam Pharma Launch
Shree Ramkrishna Exports has launched Kriam Pharma to provide affordable medicines across India. The company intends to reach 20,000 locations initially and focus on various medical categories. By 2030, it targets creating jobs and exploring exports to markets with high medication demand, alongside establishing in-house manufacturing.
- Country:
- India
Shree Ramkrishna Exports, renowned for its natural diamond business, has ventured into the pharmaceutical industry by launching Kriam Pharma. This strategic expansion aims to deliver essential medicines at accessible prices to 20,000 towns and villages throughout India.
During the launch event in Surat, Kriam Pharma's founder, Tej Dholakia, outlined plans to reach a nationwide distribution by 2030. The venture is projected to create over 3,500 jobs, significantly impacting employment. Additionally, Kriam Pharma is exploring opportunities to export pharmaceuticals to emerging markets with substantial demand for reliable and quality medications.
Kriam Pharma will concentrate on critical medical categories, including anti-diabetic, cardiac care, and dermatological treatments. Initially sourcing products from reputable contract development and manufacturing organizations (CDMOs), the company aims to establish its own manufacturing facilities in a subsequent phase.
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