pennews
www.pennews.net
Optel Group completes 2 years of operation in Goa
Business

Optel Group completes 2 years of operation in Goa

Agency News

Panaji, Aug 30 : The Optel Group, a Canadian multinational corporation (MNC), has completed two years of its operations in Goa. It is the first Canadian/North American technology company to start operations in Goa.

Having established manufacturing set up in Verna, Goa two years ago, OPTEL Group has the distinction of employing an almost wholly Goan workforce.  Speaking to reporters during a special media visit on Thursday, Shaunak Dave, CEO, Optel Group Asia, said global counterfeit industry was estimated between 75 to 200 billion USD and millions of people were dying each year due to counterfeit and substandard products.

According to Mr Dave, in addition to pharma traceability, Optel is also adapting disruptive technologies like AI (Artificial Intelligence), machine learning, Big Data, robotics, cloud computing and special sensors etc to create efficiencies in various other sectors-from health-related industries to smart manufacturing and more, all of whom can benefit from global traceability.

Optel’s facility in India is part of the ‘Make in India’ campaign and embodies Optel Group India’s mission to deliver affordable track and trace solutions with global quality standards to enable pharma companies in India and Asia to meet global compliance and improve operational efficiency.

The company has been doing business in India since 2012 and attained a leadership position in this segment very quickly.

Optel serves major India pharma companies, MNCs and contract manufacturers in India, Chi-na, South East Asia, Japan and Australia from its India facility.Speaking about the immediate future, Mr Dave said the Indian operations were expected to have a significant growth as Asia will be the key market. (UNI)