Largest German clinical laboratory,the Medizinisch Diagnostiche Institute (MDI),plans to invest Rs 50 crore in its Indian subsidiary,a top company official has said.
“We have drawn up Rs 150 crore expansion plans over the next three years period,of which our German parent MDI will invest Rs 50 crore,” MDI Laboratories India Director Devendu Mehta said.
“We plan to install world-class automated machines and web-based software in 25 hospital labs across the country,” he said,adding that expansion will be funded through internal accruals only.
MDI is also a leading pathological diagnostic test company and plans to set up over 2,000 collection centres and a logistics network to transport samples and expand its network in Gujarat,Maharashtra,Bangalore and Mangalore,he said.
The company had earlier made its maiden entry here by setting up MDI Laboratories India Ltd and installed world class automated machines and softwares in hospital labs.
It plans to achieve a turnover of Rs 50 crore in FY’13 and Rs 350 crore in FY’15,Mehta said.
India’s pathological laboratory sector is estimated to grow to USD 4.8 billion by 2015. The diagnostic and pathological laboratory (path lab) test services market holds 52.1 per cent of share. The pathological sector is projected to contribute USD 2.5 billion by 2012,according to CII-KMPG report.
There are over 12,000 hospitals and 15,000 diagnostic laboratories contributing to the overall healthcare delivery market in India,Mehta said,adding that MDI,with workload of around a million tests in a year,has recently upgraded one of the leading hospitals in Mumbai.
Many new tests will be performed at these hospital labs and also the ones not available in India,for which samples will be sent to MDI Germany’s laboratory,he added.
The German parent strongly believes that in this global scenario,India ranks as one of the best markets vis-a-vis the healthcare industry and it is possible that more MNCs may enter India in this particular area of operation,said Hans Rodger,director at MDI Labs India.
The Indian hospital laboratory’s doctors and technicians will get special training in Germany,Rodger said.