Mumbai: The Rs 800-crore Baidyanath Group is set to make a foray into FMCG segment with the launch of cosmetics and wellness range under ‘Mantra’ brand.
“We are entering into chemical-free cosmoceutical sector under the brand Mantra. We plan to introduce herbal medicines in newly emerging therapeutic segments, including diabetology, cardiovascular diseases and hepatology,” Shree Baidyanath Ayurved Bhawan Executive Director Anurag Sharma told PTI.
“We have got Mantra cleared by the USFDA and successfully launched the products in the US market. We are now launching in India to start with tier-I cities by March 2016,” Sharma said. The cosmoceutical sector is estimated at $20 billion and growing at 25 per cent per annum.
Congress Leader Rahul Gandhi, Tejashwi Yadav To Hold Joint Rallies In Bihar On October 29
VIDEO: 'BJP Doesn’t Need ‘Crutches’ In Maharashtra,' Says Union Home Amit Shah
Sensex Surges 567 Points Amid Global Rally, Hopes Rise For US-China Trade Deal & Fed Rate Cuts
'May There Be Welfare For All By The Grace Of Lord Surya': PM Modi Extends Chhath Puja Wishes
