Cadila Pharma to set up pharma formulation manufacturing unit in Odisha
"The proposed green field pharmaceutical formulations manufacturing unit at Malipada, Bhubaneswar with initial investment of Rs.100 Crores is envisaged to be one of the biggest pharmaceutical manufacturing units in the region," claims Cadila Pharma;
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New Delhi: Cadila Pharmaceuticals has signed an Investment Intention Form (IIF) with the Government of Odisha for setting up a state-of-the-art pharmaceutical formulation manufacturing unit under the Odisha government's newly-launched Industrial Policy 2022.
The IIF was signed at the Make in Odisha Conclave 2022, the flagship global investors' meet of Odisha, by Shri Hemant Sharma, Principal Secretary of Odisha's Industries Department, and Mr Raj Prakash Vyas, President of Corporate Affairs at Cadila Pharmaceuticals in the presence of Odisha Chief Minister Hon'ble Shri Naveen Patnaik and distinguished corporate leaders.
"Among other sectors, the Pharmaceuticals and Healthcare sector is considered as a Thrust Sector for Government of Odisha. We warmly welcome Cadila Pharmaceuticals Limited's proactive step to JOIN THE JUGGERNAUT and set up a pharmaceuticals formulation manufacturing unit with an investment interest of INR 100 Crore in Odisha, and assure to extend all possible end-to-end support from the Government of Odisha to fast track its establishment." said Shri Hemant Sharma, Principal Secretary, Industries Department, Government of Odisha
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