Summary
Piramal has literally pulled a fast one on other well established players in this segment. This is easily a 300 - 500 million $ business if one include Domestic and International opportunities. This will be a healthy addition to their bottom line ones the production come online
Analysis
Its difficult to accept that in a country like India, all processing of Opium was so far handled by Government companies.
Indian pharma had yet to conquer this Bureaucratic hurdle in their own back yard.
With this positive start by Piramal many more companies sitting on the fence will jump in soon!!!
This open a huge market for Piramal to the tune of 300 - 500 million $$ and the opium processing sector will grow by 1.5 - 2 Billion $$ in the next 2 - 3 years.
This author consults with leading institutions through GLG
Analyses are solely the work of the authors and have not been edited or endorsed by GLG.
