Cipla sets up subsidiary in Dubai

Cipla says the subsidiary has been set up for exploring export opportunities in the middle-east countries.

Pharmaceutical firm Cipla on Friday said it has set up a wholly owned subsidiary in Dubai in a bid to explore export opportunities in the middle-east countries.

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In a communiqué on the Bombay Stock Exchange Cipla said it had set up the subsidiary, Cipla FZE, at Jebel Ali Free Zone in Dubai, United Arab Emirates (UAE).

The Mumbai-based company added that the subsidiary had been set up for exploring export opportunities in the middle-east countries.