Ahmedabad: The active pharmaceutical ingredients (API) manufacturing plant of Cadila Pharmaceuticals Limited (Cadila), in Dahej was inaugurated on Monday.
The company invested Rs 200 crore towards the establishment of the plant which will have upto 150MT per annum of manufacturing capacity.
The plant is one of the projects for which the company had signed an MoU with the state government for investing Rs 1,000 crore here.The Dahej API facility is one of the projects for which the MoU was signed.
Biswajit Mitra, chief mentoring officer of the pharma major, said, “The DCS technology used in this facility will allow us to produce APIs with a high level of purity and consistency, while also reducing the environmental impact.”
We also published the following articles recently
The company invested Rs 200 crore towards the establishment of the plant which will have upto 150MT per annum of manufacturing capacity.
The plant is one of the projects for which the company had signed an MoU with the state government for investing Rs 1,000 crore here.The Dahej API facility is one of the projects for which the MoU was signed.
Biswajit Mitra, chief mentoring officer of the pharma major, said, “The DCS technology used in this facility will allow us to produce APIs with a high level of purity and consistency, while also reducing the environmental impact.”
We also published the following articles recently
Narayana Murthy’s Catamaran plans to invest in precision manufacturing companies
Catamaran plans to expand its portfolio by investing in precision manufacturing startups in India. The valuation expectations in startups have come down compared to 2022. Catamaran is focused on investing in companies that can export and make components in deep tech and automobiles. They have already invested in companies like SpaceX, Log 9, udaan, udemy, and Acko. Catamaran believes that their investments are the right bets based on the business models and relevance of the companies for the market.
Catamaran plans to expand its portfolio by investing in precision manufacturing startups in India. The valuation expectations in startups have come down compared to 2022. Catamaran is focused on investing in companies that can export and make components in deep tech and automobiles. They have already invested in companies like SpaceX, Log 9, udaan, udemy, and Acko. Catamaran believes that their investments are the right bets based on the business models and relevance of the companies for the market.
India-EU sign MoU on semiconductors
An India-EU MoU on semiconductors was signed ahead of the Trade and Technology Council meeting. The MoU aims to increase the resilience of the semiconductor value chain and covers areas of research, innovation, talent development, partnerships, and market information exchange. The virtual meeting of the India-EU Trade and Technology Council discussed progress in working groups on strategic technologies, clean energy, and trade. Both sides expressed satisfaction with progress in semiconductors, high-performance computing, digital infrastructure, supply chains, and FDI screening. The next TTC meeting will be held in India early next year.
An India-EU MoU on semiconductors was signed ahead of the Trade and Technology Council meeting. The MoU aims to increase the resilience of the semiconductor value chain and covers areas of research, innovation, talent development, partnerships, and market information exchange. The virtual meeting of the India-EU Trade and Technology Council discussed progress in working groups on strategic technologies, clean energy, and trade. Both sides expressed satisfaction with progress in semiconductors, high-performance computing, digital infrastructure, supply chains, and FDI screening. The next TTC meeting will be held in India early next year.
Toyota to invest nearly $400 million for third plant in India
Toyota will invest $400 million to set up a third manufacturing facility in India to meet surging demand, creating 2,000 new jobs. The new plant will produce over 100,000 units annually, increasing Toyota’s overall capacity to 410,000 units per annum. This is Toyota’s first capacity expansion in over a decade. The company’s India sales have soared due to a global partnership with Suzuki Motor, and about two-thirds of Toyota’s current production capacity is used by Maruti Suzuki.
Toyota will invest $400 million to set up a third manufacturing facility in India to meet surging demand, creating 2,000 new jobs. The new plant will produce over 100,000 units annually, increasing Toyota’s overall capacity to 410,000 units per annum. This is Toyota’s first capacity expansion in over a decade. The company’s India sales have soared due to a global partnership with Suzuki Motor, and about two-thirds of Toyota’s current production capacity is used by Maruti Suzuki.
