Mr Syed Jafry, senior vice president and president, APAC and emerging markets
Clocking revenue close to $17 billion and with a network spread across 50 countries, Thermo Fisher Scientific indeed has unparalleled commercial reach across the globe. The firm exhibits unmatched depths of capabilities to serve the scientific community comprising a wide variety of industries and application segments. With the motto to enable customers to make the world healthier, cleaner, and safer, the company caters to the needs of various pharmaceuticals and biopharmaceuticals, diagnostics and healthcare, life science research, food and beverage and also has a substantial presence in the environmental monitoring, academia and manufacturing and process industries.
The Asia Pacific region and the rest of the emerging markets represent 22 percent of the company's business, generating revenue of more than $4 billion. With expansion and innovation being the key strategies, the company offers a multitude of products encompassing a wide array of analytical instruments, equipment, consumables and laboratory supplies. Riding high on the innovation wave, the firm has spent close to $750 million on research and development last year in the Asia Pacific region. Thermo Fisher Scientific has been recognized for research by the R&D 100 magazine for more than 50 products so far.
Apart from enjoying a strong presence in China, Japan, Australia and India the company is investing in Southeast Asian countries like Indonesia, Malaysia and also trying to expand its presence in Thailand and Philippines. The company is spread across 42 locations in India and has established four application centers across the country.
Q. What are the key trends and factors that are driving your business in India and the APAC region?
A. Everywhere across APAC and emerging markets, regulations are being tightened and enforced--from compliance in pharmaceutical manufacturing to stricter pollution regulation or increased monitoring for food contamination. APAC has been the biggest contributor to our growth.
As the world leader in serving science, we are connected with nearly every aspect of scientific progress-from fundamental research to applied areas such as life sciences and healthcare, pharmaceuticals, food safety and environmental monitoring. In this role, we provide technologies and services that enable our customers to more cost-effectively achieve compliance in their respective markets. This is helping drive our growth in the region.