Re: P.I. Industries (1100 cr. Order-Book + Unique Bus.Model)- Concall Key Takeaways-
PIs R&D facility receives GLP Certification
New Delhi, September 19, 2011: PI Industries Limited (PI), a leading Indian Agri-Input, Custom Synthesis Company announced that its R&D facility at Udaipur has been accredited for Good laboratory Practices (GLP) and Norms on OECD Principles by National GLP Monitoring Authority (NGCMA), Government of India in the field of Physical Chemical Testing. Good Laboratory Practice (GLP) refers to a quality system of management controls for research labs to ensure the uniformity, consistency, reliability, reproducibility, quality and integrity of the tests conducted therein. PIs certification follows the grant of full membership to India as an OECD member country. Hence, the physical / chemistry related data generated in PIs GLP accredited lab would now be acceptable by the registration authorities (agrochemicals/pharma etc.) in all the OECD countries such as USA, Europe, Japan etc. The GLP certification meets PIs strategy to provide comprehensive solutions under one roof and broadens its portfolio of custom synthesis and manufacturing solutions to cover chemical process research, molecule development, analytical method development, synthesis of high purity / impurities of chemical entities for analytical reference standards, 5 batch analysis under GLP conditions, scale up studies, process / plant engineering and commercial scale production. PIs R&D & QC labs are already ISO-17025 accredited, which attests to their consistent reliability of the tests and calibrations performed in these labs, and have a documented quality management system.
Commenting on the development Mr. Salil Singhal, Chairman, PI Industries Ltd., said: Iam immensely pleased that our R&D facility has received GLP accredition. This certification is another significant milestone in our commitment to strategically partner with our global clients and support them across all the phases of product development and commercialization. For PI, an organization inspired by science, this not only helps PI to grow its business opportunities, but also adds to the reputation of its products and personnel.