Godrej Interio strengthens its healthcare business across India
Seeks to expands its healthcare business in Western India by 21%
Mumbai: Godrej & Boyce, the flagship company of the Godrej Group, announced that its business Godrej Interio, India’s leading furniture brand in-home and institutional segments has increased its production capacity of beds by 2.5x daily, over a period of the last year, to meet the rising demand in the wake of the Covid-19 crisis in the country. They have supplied over 10,000 hospital and ICU beds in addition to a similar number of specialised mattresses and other accessories to hospitals. In the last 14 months, Godrej Interio also set up a new manufacturing plant at Khalapur in Maharashtra. The facility is equipped with a flexible production line that can accommodate a capacity of 300 hospital beds per day among other healthcare accessories.
Godrej & Boyce has been operating in the healthcare sector for over 30 years. The Company recently announced that their Interio division is expected to grow its healthcare business at 20-25% in FY22. On strengthening its healthcare business across Western India, Sameer Joshi, Associate Vice President, Marketing (B2B), Godrej Interio said “The Indian healthcare industry has always been a focus for us and one that we believe has a lot of potential to grow. With 13% of market share of the overall organized healthcare furniture industry, the western market contributes to 26% of Godrej Interio’s healthcare business. In the last year, since April 2020, we grew by 22% while the industry growth was 15% in FY21. We have recently invested over 10% of our healthcare business turnover to meet the demands off this sector”. Godrej Interio’s key clients in western India includes government, private hospitals, and other healthcare spaces.”
With 95% healthcare products being sold by Godrej Interio are through local value addition, it provides a boost to invest and create a furniture component ecosystem into the country and contribute towards government’s vision of an Aatmanirbhar Bharat. It also encourages exporting of furniture beyond India. While, Godrej Interio has executed orders in Mauritius, Sri Lanka, and Middle East in the past, they are currently exporting healthcare and laboratory furniture to the SAARC (South Asian Association for Regional Cooperation (SAARC) and MINA (Middle East and North Africa) countries.