Dr Reddy's Laboratories in process to seek permission for launch of 70 products in China

DRL has a subsidiary Dr Reddy's (WUXI) Pharmaceutical Co. Limited and joint venture Kunshan Rotam Reddy Pharmaceuticals Company Limited is engaged in the manufacturing and marketing of formulations in China.

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The company's interest in Reddy Kunshan was 51.3 per cent as of March 31, 2018.

"We are upgrading our team in China and we are also going to build a new plant very close to the current plant that we have. So overall, very exciting opportunities," Israeli further said.

When contacted, Dr Reddy's spokesperson said the company generated approximately USD 130 million during the last fiscal and it is all through product sales.

"It(China sales)is expected to be growing healthy. We do not give number guidance. Approx. USD 130 mn (million)in FY 2019 including the revenue in our joint venture. It is all product sale, no services. (We plan to launch)50 to 70 over a period of next few years," the official told PTI in an email reply.

A top Commerce Department official recently said India pressed China to import more Indian goods, especially pharmaceutical and IT products.

Recently, India has identified and shared with China a list of 380 products, including horticulture, textiles, chemicals and pharmaceutical products, as their shipments hold huge export potential.

"The(product)filing is happening as we speak, and so in the next three to four years, some of the products are ready to be filed because all the relevant Research and Development and regulatory process were done," he said.

"And some will require a bio-study and some will require production by the relevant oncology plant in China, and those products have been put forth," he explained.