India’s largest pharmaceutical company, Pharmaceutical-India (PIs) has announced plans to open a retail pharmacy in Dubai.
The company will also set up shop in the UAE, its first overseas location, according to a statement on its website.
“The announcement is a clear signal of our ambition to be a part of the UAE’s rapidly growing and expanding healthcare sector,” the statement said.
“Our vision is to provide quality, affordable healthcare services in an environment that supports the unique needs of our clients, and to work together with the Ministry of Health and Family Welfare, the Dubai Municipality and the State Government to provide a secure environment for our customers.”PIs has a turnover of around Rs 1,000 crore ($230 million) and plans to expand into other countries.
The Dubai company is set to be the second pharma to open in the world after Chinese company Medbaz Pharmaceuticals and will be based in the Emirate.
Last year, Medbac said it planned to open an outpost in Dubai and a pharma plant in Dubai’s Ras Al Khaimah area, both to provide medical services to patients.
In a statement, PIs said it was working to develop its business in the region, including in Dubai, and that it had invested in its own infrastructure and facilities.