Latest News | Aayush Wellness Sets Up Subsidiary in Singapore to Drive Southeast Asia Expansion
Get latest articles and stories on Latest News at LatestLY. Healthcare company Aayush Wellness Ltd has set up a wholly owned arm in Singapore to drive its expansion in the Southeast Asian market, according to a filing.
New Delhi, Jun 10 (PTI) Healthcare company Aayush Wellness Ltd has set up a wholly owned arm in Singapore to drive its expansion in the Southeast Asian market, according to a filing.
The board of directors of the company approved the formation of a wholly-owned subsidiary in Singapore with an initial capital investment of SGD 10,000, the company said in an exchange filing.
"This strategic expansion marks a significant step in the company's global growth strategy and will serve as a launchpad for its nutraceutical and healthcare products across the rapidly expanding Southeast Asian markets," Aayush Wellness stated in the filing late on Monday evening.
"Our new Singapore-based subsidiary will enable us to tap into one of the world's most dynamic wellness markets, offering greater agility in operations, regulatory efficiency, and direct access to high-growth ASEAN economies," Aayush Wellness Managing Director Naveena Kumar said.
The Southeast Asian nutraceutical market is projected to reach USD 15.1 billion by 2028, growing at a CAGR of 7.5 per cent, driven by rising health consciousness, urbanisation, and preference for preventive healthcare solutions, Aayush Wellness said.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)