Published on : Sep 04, 2015
Kamani Oil Industries, an Indian edible oil producing company, has announced it has become the first Indian company to have received a license from the U.S. Food and Drug Administration (FDA) for manufacturing pharmaceutical grade fats and oils. The certification assures that the customers of the company about the integrity of the manufacturing processes and their compliance with the stringent regulations of a world renowned organization such as the Food and Drugs Association of the U.S.
Under this segment of product specialty, the company has the capacity of producing nearly 100 tonne every month at its plant in Khopoli, near the business capital of the country, Mumbai. This manufacturing plant at Khopoli also meets the requirements of the 1940, Schedule M of Drugs and Cosmetics Act. The overall demand for pharmaceutical grade fats and oils market is nearly 1,500 tonnes per week.
Prakash Chawla, the Director of Kamani Oil said that pharmaceutical companies earlier imported oils and fats for their products. But now, with the license from U.S. Food and Drug Administration, pharmaceutical companies will have the option of sourcing these products from the country itself. He also said that the technology used for this purpose has also been developed in the company itself.
The company is active in the field of production of a wide range of edible oils such as groundnut, rice bran, coconut, and sunflower.
He added that with company’s entry in this field, the company is not expecting any major changes in its top line. However, the company will become a pioneer in this segment by being the only company to get FDA approval. Looking at the growth of the company, it is expecting a 20 per cent rise in its revenues in the coming three years