Granules India announces establishing a green pharma unit in Kakinada, Andhra Pradesh.
The Hyderabad based Granules India said that they entered into a strategic partnership with Greenko ZeroC to collaborate on green molecule solutions to promote an integrated pharmaceutical zone in Kakinada.
In a media briefing, the company said, “Granules will build a greenfield facility for large scale manufacturing of key starting materials (KSM,) Intermediates, Active Pharmaceutical ingredients (APIs) and fermentation based products. The facility will be on about 100 acres and will be taken up in phases. The project will see an investment of about Rs 2,000 crore over five years.”
Dr. Krishna Prasad, the Managing Director (MD) and Chairman of Granules India, said, “The partnership with Greenko will minimise carbon footprint and impact of our operations on the environment. Sustainability and green chemistry are key pillars of our commitment.”
Meanwhile, Mr. Anil Kumar Chalamalasetty, Greenko’s Chief Executive Officer (CEO) and Managing Director (MD,) “This partnership will make industrial manufacturing more sustainable and competitive with technologically superior and green solutions.”
The collaboration between the two companies is a major investment in the Telugu State of Andhra Pradesh, in the field of Indian Pharma Industries.
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