Government policy on stents will enable catering to Indian market well: Vinod Ramani, Opto Circuits

In an interview to ET Now, Vinod Ramnani, CMD, Opto Circuits, shares his business ideas. Edited excerpts:

ET Now: The government has included two categories of stents in NLEM and prices we understand are going to get cheaper, are you making any of these two stents?

Vinod Ramnani: Yes, we are making both of them and it is a very good decision by the government, because we have two brands in India. We will be able to cater to the Indian market very well and it will be difficult for the big players to come up to that price. I think that definitely will help our sales grow within the country.

ET Now: How much cheaper will the prices get from what the original price was?

Vinod Ramnani: It depends how the government fixing the prices, but we are totally geared up as we have the local products available and it will be easier for us to cater to the market as the big players will have lot of difficulties in matching those prices.

ET Now: Can you tell us what you make of this kind of a move and any such products here to include them in the NLEM? Do you have any such products here which has the possibility to come in the list?

Vinod Ramnani: Yes, we have drug coated stents as well as bare metal stents. Both of them we have our own brands available in India.

ET Now: And what is the percentage of revenues that you have from India and from overseas?

Vinod Ramnani: Right now we do not have that much, but with this policy, I am sure that we can really bring the revenues up. Right now our presence is mostly in Europe and other countries of the world. But with this policy, I think, the sales in India should definitely see a surge.