Current Date: 23 Dec, 2024

Earthchem Laboratories Plans to set up Pharma Project in Maharashtra

Earthchem Laboratories Private Limited is coming up with a new Active Pharmaceuticals Ingredients (API) Manufacturing Unit Project at Kurkumbh, Pune, Maharashtra. The project is expected to produce a variety of APIs, including anti-infectives, anti-inflammatory drugs, and anti-cancer drugs. The project is expected to contribute to the growth of the pharmaceutical industry in India and make the country self-reliant in the production of essential medicines. The price is 3 crores of rupees. The capacity for production is 92.87 MT/M.

Manufacturing unit for APIs is the kind of project. Kurkumbh, Pune, Maharashtra is the location on paper.
Planetary Chemical Laboratories Private Limited is the developer. Infectious agents, anti-inflammatory medications, and anti-cancer medications are the products. India's output of active pharmaceutical ingredients (APIs) has increased. Reduced dependency on APIs that are imported Value addition to raw materials.

As on November 2023, The project is now in the stage of receiving approvals. The project has received all necessary clearances. By the end of the year 2023, development on the project will have begun. 

News by Rahul Yelligetti

Source : Projxnews