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Aster DM Healthcare, GCC and one of the largest integrated healthcare providers in India, is partnering with GD Assist to set up 25 pharmacies in Bangladesh within three years.
Aster Pharmacy will be operated by GD Assist Limited of Bangladesh. Through this franchise agreement, Aster DM Healthcare and GD Assist Limited aim to provide truly reliable medicines and a wide range of products in the fields of nutrition, baby care, skin care, home healthcare and more in Bangladesh.
Aster DM Healthcare currently operates 446 pharmacies in India, the GCC and Jordan, including 201 pharmacies in India operated by Alfaone Retail Pharmacies Private Limited under a brand licensing agreement. Today, Aster Pharmacy is a household name and the brand of choice for pharmacies because of its easy-to-access and customer-first approach. Aster recorded 8 million pharmacy visits in its last fiscal year.
long term agreement
Through this long-term agreement with GD Assist, Aster Pharmacy aims to expand its horizons beyond the UAE, India, Oman, Qatar, Bahrain and Jordan to provide a customer-centric experience and true pharma and non-pharmaceutical product.
Alisha Moopen, Deputy Managing Director of Aster DM Healthcare, said of the joint venture: “Aster Pharmacy has been a one-stop solution for medicines and healthcare products since its inception more than two decades ago. We have invested in our care services, and revamped infrastructure and talent to ensure the best service experience for our customers, and continue this effort to ensure patient safety and well-being during the pandemic. Now we are looking to expand into new markets for More people to serve and to expand our footprint.”
Syed Moinuddin Ahmed, Managing Director of GD Assist, said: “GD Assist was established to be an outstanding one-stop healthcare solutions provider. This partnership enables us to enter a new era by introducing world-class healthcare products in different fields. , which will give us the opportunity to meet the healthcare needs of the people of Bangladesh, comparable to international standards.”
global pioneer
“With years of extensive experience and leadership in the multiple markets we operate in, Aster Pharmacy is fast becoming a global pioneer in health and wellness and integrated pharmacy concepts. We are delighted to partner with GD Assist to open the Aster Pharmacy store in Bangladesh, This will provide customers with a very unique and exceptional wellness experience,” added NS Balasubramanian, CEO of Aster Retail GCC.
Farzanah Chowdhury, Director of GD Assist, said: “With our partnership with Aster Pharmacy as its operating partner in Bangladesh, we at GD Assist hope to successfully establish a strong presence for the Bangladesh healthcare products industry by manufacturing Aster’s world-class products. New standard. Nutrition, pharma, baby care, skin care, home healthcare, etc. product lines in the Bangladeshi market, so we are eager to revolutionize the industry in the coming years.”- arab trade news agency
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