Insecticides India Expects New Product Launches To Aid Revenue In FY20
The company says it plans to launch seven to 10 products this fiscal.
New product launches in financial year 2019-20 will help Insecticides (India) Ltd. expand its bottom line by 150 basis points, its Managing Director Rajesh Aggarwal said.
“The company planned a three-year capex cycle worth Rs 100-150 crore for greenfield and brownfield expansions,” Aggarwal told BloombergQuint over phone. The company, he said, aims to double its export revenue in FY20 to Rs 120 crore for which it aims to set up an export-oriented unit in FY20.
“The company aims to launch seven to 10 products this fiscal and is also confident of its pipeline for FY21,” Aggarwal said, adding that two-three of our products will be in collaboration with our Japanese partners. “The pipeline for the next fiscal also remains very strong,"
Watch the full interview here: