Waldner mulls manufacturing facility in India: Hoffmann

Waldner mulls manufacturing facility in India: Hoffmann

Agency News

Hyderabad, Feb 25 : Germany’s Waldner GmbH, a global leader in laboratory furniture and research equipment manufacturer, is scouting for Indian JV partners and studying the possibility of setting up manufacturing facility in India, company CEO Joerg Hoffmann said on Monday.

Talking to media, Mr Hoffmann who is camping here to assess the situation, said that the company is fully geared up to exploit emerging investment opportunities in India, that is fast establishing itself as a global R&D hub.

"Waldner has earmarked investments to form Joint Ventures and contribute our expertise to the R&D market growth," he said and added that the company also plans to be a part of Make-In-India drive.

"We already have an OEM manufacturing arrangement at Baroda in India. We are also investigating into the possibility of setting up of local supply chain to cater to the growing Asia market through possible production and JVs and it is under discussions" , Mr Hoffmann said.

Mr Hoffman said the company’s fully owned Indian subsidiary, Waldner India, has been operating in the Indian market space for more than a decade and has industry giants among its clients – Dr Reddy’s, Lupin, Nestle, Loreal, Michelin, IIT, NCBS, USV, Cipla, Unichem, Zydus, Tata Institute of Fundamental Research, Tata Cancer.

Complimenting the Telangana government for its proactive policy initiatives, Hoffmann said the Waldner envisions Hyderabad emerging as a key R&D hub in India. “We see great potential for the city and therefore have finalised a new office space at Genome Valley,” Hoffmann announced.

''The ongoing BioAsia Exhibition that attracted wide participation from pharmaceutical, healthcare and biotech companies will showcase Hyderabad’s potential to leading R& D organisations'', Mr Hoffmann added.