The International Formulations Business is organized into 3 segments.
The Company believes that there are significant growth opportunities in the relevant emerging markets for its exports business. It has finalized geographies in Africa, Asia, Latin America, Middle Eastern countries, and CIS countries where it is confident of significant growth opportunities for the next five years and accordingly formulated business plans with its field operations and setting up a strong distribution network for its products.
The segment primarily includes sales to the US, UK, Europe, Canada, New Zealand, and Australia. The business is classified as Regulated Markets and we are making a commendable on the road into this lucrative market.
The segment involves the sale of Company's products pre-qualified by the WHO or the US President's Emergency Plan for AIDS Relief (“PEPFAR”) to global medical institutions or bodies such as United Nations Children's Emergency Fund (“UNICEF”), IDA, GDF, Global Fund, Clinton Foundation, Gates Foundation, Partnership for Supply Chain Management (“PFSCM”) (USA), DFID, UNAID, etc., which fund various global medical programs