Our aim is to manufacture disposable syringes of varied sizes which has huge market potential . We need this fund to buy machinery.
Disposable syringes have already penetrated the domestic market in a significant way because of awareness created by the Government and other non-governmental organisations on AIDS and Hepatitis-B, thereby insisting on the use of disposable syringes instead of conventional glass type syringes. There is lot of scope in the local market. Even the export potential is very high as almost all the African countries and many Latin American and South Asian countries import syringes from India.
In the medical consumables segment, needles and syringes enjoy a large volume in the market and are expected to grow at a CAGR of 12-14% annually.
We intend to begin with disposable syringe manufacturing as it is one of the most consumed product in medical sector and later on plan to manufacture catheters and I.V. Cannula.
The requested funding is needed for buying machineries required to manufacture syringes.
We would offer up to 30% equity to the investor. But we are open for advised model and negotiations.