Current Date: 05 Apr, 2025

Inside Laurus Labs' ₹5,000 Crore Plan for Anakapalli

Laurus Labs has announced an investment of Rs 5,000 crore to establish an advanced manufacturing facility in Anakapalli district, Andhra Pradesh. This decision was finalized during a meeting between Andhra Pradesh Chief Minister N. Chandrababu Naidu and Laurus Labs CEO Chava Satyanarayana in Amaravati on April 3, 2025. The Andhra Pradesh government has pledged to provide land in Rambilli village for the facility, as well as ensure fast-track approvals and a supportive, business-friendly environment for the company's growth.

This investment is a key part of Laurus Labs' strategic expansion in the pharmaceutical and life sciences sector. The new facility will focus on advanced manufacturing techniques, strengthening India's pharmaceutical supply chain and driving export growth. With the integration of state-of-the-art technology, the plant aims to boost production efficiency and scalability. Additionally, the project is expected to create 7,500 direct and indirect jobs.

 

News by Rahul Yelligetti.

 

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Source : projxnews