- Export House Status Holders are revered business leaders who have excelled in the realm of international trade
India, November 6, 2023: Venus Remedies Limited, a noted name in the pharmaceutical industry, has received the prestigious “Three Star Export House” certificate from the Government of India. This certificate, given to companies which have demonstrated consistency in their export growth and have contributed significantly to the country’s foreign trade, is a recognition of Venus Remedies’ stature as a leader in international trade and a valuable contributor to India’s economy. It is a validation of the company’s commitment to providing high-quality pharmaceutical formulations globally.
To attain this coveted Three Star status, a company must demonstrate a significant export performance by reaching a milestone of US $100 million in a span of three years. Venus Remedies has excelled in achieving this benchmark through its substantial contributions to India’s foreign trade landscape. Venus Remedies’ rapid growth and commitment to transnational trade have led to this remarkable progression. The company previously held the Two Star Export House status, which required export performance criteria of US $25 million.
Over the years, the company has established itself as a pioneer in the industry with a strong focus on research and development. In addition to this accolade, Venus Remedies has an impressive portfolio of accreditations and certifications, including the CII Responsible Export Organization, EU-GMP (Good Manufacturing Practices) and GDP (Good Distribution Practices) certifications, which reflect the company’s uncompromising emphasis on quality, safety and ethical practices in its global operations.
Expressing his gratitude on receiving this prestigious honour, Mr Peeyush Jain, Deputy Managing Director, Venus Remedies, said, “Receiving the ‘Three Star Export House’ certificate from the Government of India is an honour for Venus Remedies. This recognition would further enhance our export capabilities and expand our presence in key markets around the world, thus aligning with our vision of leaving a positive footprint on human health and meeting unmet medical needs across the globe in areas far and wide. ”
The “Three Star Export House” certificate is a crowning achievement for the pharma giant, issued by the Government of India, Ministry of Commerce and Industry, Directorate General of Foreign Trade. “As an ‘Export Status Holder’, we are proud to join an elite group of esteemed business leaders who have excelled in international trade and have played a crucial role in boosting India’s exports,” said Mr Saransh Chaudhary, President, Global Critical Care, Venus Remedies.
Venus Remedies Limited is proud to be a part of India’s growth story and will continue to work diligently to further the nation’s export goals and mentor the next generation of entrepreneurs, he said.
About Venus Remedies
Panchkula-based Venus Remedies Ltd (NSE: VENUSREM, BSE: 526953) is among the 10-leading fixed-dosage injectable manufacturers in the world. Having a commercial presence in 70+ countries with a portfolio of 75 products spread over Europe, Australia, Africa, Asia-Pacific, Commonwealth States, the Middle East, Latin America and the Caribbean region, the company has nine globally benchmarked facilities in Panchkula, Baddi and Werne (Germany), apart from 11 overseas marketing offices. Its manufacturing units are certified for ISO 9001, ISO 14001, ISO 18001 and OHSAS. The company has also been approved by European- GMP, WHO-GMP and Latin American GMP (INVIMA), among others. Ranked 107th in Asia and among the world’s 500 largest pharmaceutical manufacturing companies, Venus Remedies has been granted more than 130 patents worldwide and having more than 125 registered trademarks and 25 copyrights for its innovative research products.