Public sector Hindustan Latex Ltd (HLL) has become the world's largest condom manufacturing unit by acquiring the capacity to produce one billion condoms a year.
"The HLL has achieved the mark after adding a new plant with an annual capacity to produce 237 million more condoms," the company's chairman-cum managing director M Ayyappan said.
Inaugurating the new plant, Union Health Minister Anbumani Ramadoss said the HLL would continue to be the captive unit of the Centre for two more years as per the Cabinet decision to enable it to get 75 per cent order of the Union Government's requirements.
"As part of its diversification programme, HLL had been made the promoter of a Vaccine and Medical Equipment Park at Chengalpet near Chennai where the company had been allotted 500 acres of land for the purpose," he said.
HLL would also start a diagnostic facility service center in Delhi as a pilot project. "If the same was found to be successful, it would be extended to other parts of the country," he said.
The infrastructure wing of HLL had taken up the work of up-gradation of medical colleges in Salem, Puducherry, Hyderabad, Bangalore, Patna and Rishikesh, Anbumani said.
Ayyappan said the company would commence shortly manufacturing and distribution of "Rapid Diagnostic Test Kits" all over the country for the detection of pregnancy.
The company achieved a turnover of Rs 244 crores for the past year with a profit after tax of Rs 19.50 crores.
HLL exports its products to over 70 countries around the world. The exports revenue aggregated over Rs 27 crores in 2006-07.