Hindustan Latex has earmarked a corpus of Rs 2.5 crore in the current fiscal for promotion and marketing of vis-à-vis Confidom, the only women-initiated barrier-method of contraception and preventive healthcare. The high-end, lifestyle product is priced at Rs 250 for a pack of two.
To begin with, the "female condom" would be being imported from the Chicago-headquartered Female Health Company, which has its manufacturing facility in the UK. With time the product would be packaged here before they are manufactured in India after the overseas partner transfers the technology on royalty basis to its Indian counterpart.
The company was a one-stop-shop for all major types of contraceptives including condoms, oral contraceptive pills, IUDs and injectables. Besides having a capacity to manufacture more than one billion condoms annually, it has diversified into a range of healthcare products, such as blood transfusion bags, surgical sutures, tissue expanders, etc.
The company also has started the LifeSpring Hospital chain to provide healthcare facilities in "underserved places". While three such hospitals have already been set up, plans were being firmed up to put in place 1,000 such hospitals of 20-25 bed capacity each across the country. As a first step towards this end, an assistance of Rs 53 crore has been sought from the Union Ministry of Health.
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| Posted : 7/22/2006 |
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