LUCKNOW: Pharma sector giants like Dr Reddy’s Laboratory and Rockwell Automation have decided to make big investments in Uttar Pradesh.
While Dr Reddy’s Laboratory is looking at options in the Lalitpur Bulk Drug Park besides starting a unit in Greater Noida the Rockwell Automation wants to invest in Noida. “Enticed by the pro-pharma policies of the Yogi govt aimed at transforming UP into a
pharma hub
, four prominent pharmaceutical companies from Telangana are set to invest in state,” an official spokesperson said on Saturday.
They added that the companies have come after CM Yogi Adityanath attended a pharma conclave in Hyde- rabad and invited sectoral biggies to invest in UP.
Following the conclave, Dr Reddy’s Laboratories expressed interest in establishing a research lab near the Medical Device Park in YEIDA area, or at another strategic location in Noida/ Greater Noida. Furthermore, they have indicated interest in exploring investment opportunities within the Bulk Drug Park in Lalitpur.
They also claimed that many players were interes- ted in setting up a biotech laboratory and a manufacturing unit in the Medical Device Park, either in Noida or Greater Noida. Officials said VBL Therapeutics has expressed its intention to establish a research laboratory for extraction of snake venom anti-serum at the Medical Device Park in Noida or a nearby area.
Likewise, Rockwell Automation has shown interest in establishing a facility at Medical Device Park, focusing primarily on vaccine carriers. The company aims to integrate specific supporting units into the facility. The proposed plant would require a land area of around 35-40 acres, with a total investment of Rs 400500 crore. Similarly, Natco pharma has also expressed interest in investing in UP.
English (US) ·