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Buoyed by the resounding success in the UAE
and some other Gulf markets, India's herbal healthcare major The
Himalaya Drug Company is entering the huge Saudi Arabian market.
The company is drawing up plans to invest
in the Gulf and Middle East region by setting up offices through
a workforce in association with local partners.
"We are entering the Saudi market in
December this year making available our entire range through a distributor
there," Ravi Prasad, President and Chief Executive, told Gulf
News.
The Bangalore-based company, set up in 1930,
has achieved 25 per cent sales growth this year with overseas growth
being higher. "The Himalaya range of medicinal, personal care,
pure herbs and animal health care products is selling well in the
overseas markets with high visibility. We are investing in developing
international markets by creating our own international hubs, our
own offices."
One such hub is Singapore where the company
recently opened shop.
Prasad said the UAE is a very important market
for the company, serving also as a distribution hub for the region.
"We are more than satisfied with sales in the Middle East markets
and in the UAE, our brands highest sales are in Spinneys,"
he said.
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