Alembic Pharma opens Rs 300 crore anti-cancer drug unit at Halol in Central Gujarat

Vadodara: Rs 300 crore pharma unit of Alembic Pharmaceuticals Ltd(APL) for anti-cancer drug was inaugurated today by Chief Minister Vijay Rupani at Panelav in Halol taluka of Panchmahal district in Central Gujarat. The Chief Minister also dedicated RO plant for Panelav village set up by Alembic. He also inaugurated a Rs 71 lakh primary school building constructed under Sarva Shiskha Abhiyan. Speaking on this occasion Chairman of Alembic group of companies Chirayu Amin said the pharma unit inaugurated today will produce 60 million tablets/capsules and around 20 million injection vials. Medicines produced in this plant will be exported in global market. APL managing director Pranav Amin said the company hopes to invest Rs 1,500 crore as part of its expansion plan over the next three years period, which will be funded through debt and internal accruals.

With this facility, the Alembic Pharma will commence exporting oncology products to US, Middle East, North Africa, Australia and South Africa, Amin said. The facility has equipment from BOSCH of Germany, GEA of Belgium, Alexanderwerk from UK, ICOS from Italy, Tofflon from China. APL has recently invested in an ultra-modern R&D centre at Hyderabad. APL is one of the leading players in the industry to have invested about 11 per cent of its turnover in R&D, Amin said.