Torrent to increase presence, set up export base in Germany

Mumbai: Torrent Pharma, which has a facility in Baroda for the production of penicillin G, is planning to increase its presence in Germany by setting up an export base there.

According to company officials, Torrent is working out a business model for its operations in Germany, which may either involve setting up its own facility or acquiring some existing facility.

The company''s plans for Germany will be finalised within a month or two.