Sun Pharma Invests 120 Crore in Assam to Set Up Production Line

GUWAHATI: Pharmaceutical Company, Sun Pharma has invested Rs 120 crore in Assam to set up production line which will boost the company’s capacity to manufacture liquid vials, injectable, eye drops and tablets.

According to statement from Assam government the company has already invested Rs 700 crore in this manufacturing facility in the state and another Rs 200 crore is going to be invested. The company is providing employment to 595 people and 62 percent of this workforce is from the state.

“When we organised Advantage Assam: Global Investors’ Summit in February, many people cast aspersions about its feasibility and rationale. But the success of summit has proved them wrong as many investors and big industrial players have come to the state for setting up their businesses as a result of the summit and now the state is witnessing an economic resurgence.” Chief Minister Sarbananda Sonowal said while inaugurating a new production line in the parenteral block of Sun Pharma’s manufacturing facility at Palashbari on the city outskirts.

Sun Pharma is one of the companies which committed investment in the state during Advantage Assam summit, Sonowal said that Rs 79,000 crore investment committed during the summit is being realised as companies are setting up their bases here which is creating employment opportunities for the youth of the state.

He urged the global investors to take advantage of these changing times and set up their businesses in Assam so that they can take advantage of the state’s growth and prosperity.

Managing Director of Sun Pharma Dilip Shanghvi thanked the state government for support and cooperation in setting up this plant and said that this plant is expected to become one of the largest facilities of the company to manufacture sterile products.

Source: ET

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