Acti Pharma plans to set up Pharmaceutical Ingredients Project in Gujarat

ACTIPHARMA Biopharma Limited plans to establish a new active pharmaceutical ingredients (API) and pharmaceutical intermediates manufacturing facility in Shankargarh, Kutch, Gujarat. The initiative is estimated to cost approximately 1 billion rupees and will employ approximately one thousand individuals. The API plant will be used to manufacture APIs for a variety of pharmaceutical medications, such as anti-cancer drugs, anti-infective drugs, and cardiovascular drugs. 

The pharmaceutical intermediates facility will be used for the production of intermediates for various APIs. By 2025, the facility should be operational.ACTIPHARMA Biopharma Limited is a pharmaceutical firm based in Ahmedabad, Gujarat. The company was established in 2002 and is employed in the research, development, and manufacturing of APIs and pharmaceutical intermediates. The company has a plant in Ahmedabad and is also constructing a new API and pharmaceutical intermediates unit in Shankargarh.The Shankargarh API and pharmaceutical intermediates initiative is a significant investment by ACTIPHARMA Biopharma Limited. 

The initiative will contribute to the expansion of the Gujarat pharmaceutical industry and the creation of employment opportunities. It is anticipated that the initiative will also contribute to the region's economic growth.A total production capacity of 30 MT/Month.Here are some of the benefits of the ACTIPHARMA Biopharma API and pharmaceutical intermediates project:It will create employment opportunities for around 1,000 people.It will boost the pharmaceutical industry in Gujarat.It will contribute to the economic development of the region.

It will help to reduce India's dependence on imported APIs and pharmaceutical intermediates.It will improve the availability of affordable APIs and pharmaceutical intermediates in India.The ACTIPHARMA Biopharma API and pharmaceutical intermediates project is a welcome development for the pharmaceutical industry in India. The project is expected to create jobs, boost the economy, and improve the availability of affordable APIs and pharmaceutical intermediates.Here are some of the details of the project:Location: Shankargarh, Kutch, GujaratEmployment generation: 1,000 peopleProducts to be manufactured: APIs and pharmaceutical intermediatesOperational date: 2025The project is still in the proposal stage and has not yet been approved by the government. However, ACTIPHARMA Biopharma Limited is confident that the project will be approved and that construction will begin soon.

As of September 2023, The project is now in the stage of receiving approvals & has obtained all necessary government permissions work of the project is anticipated to occur in either 2023 or 2024.

News by Rahul Yeligetti