Maartan Fine Chem plans to set up Drug Manufacturing Unit Project in Andhra Pradesh

Maartan Fine Chem Private Limited has proposed the establishment of a novel project focused on the production of bulk pharmaceuticals and intermediates. This project is intended to be situated within the YSR Jagananna Mega Industrial Hub located in Kopparthy, Andhra Pradesh. The project is now in the initial planning phase, however, the company has already obtained the necessary environmental permission for its implementation. 

The project is anticipated to possess a monthly capacity of 50.25 tonnes (TPM) and is estimated to incur a project cost of 5 Crores. Its primary objective is to manufacture a diverse array of bulk pharmaceuticals and intermediates, including antibiotics, anti-inflammatories, and cardiovascular drugs. Maartan Fine Chem Limited intends to allocate a substantial proportion of the output generated by the facility for exportation to its various international markets. 

The expansion initiative constitutes an integral component of Maartan Fine Chem Limited's strategic approach aimed at enhancing its market position within the bulk pharmaceuticals and intermediates sector. Additionally, the company has intentions to enhance its production capabilities for various pharmaceutical goods, including formulations and active pharmaceutical ingredients (APIs). It is anticipated that the project will yield a favourable outcome for the Indian pharmaceutical sector. 

The implementation of this initiative is expected to generate employment opportunities and stimulate the growth of the regional economy. Additionally, the implementation of this initiative will contribute to the mitigation of India's reliance on imported bulk pharmaceuticals and intermediates. Furthermore, it is anticipated that the implementation of this project will yield advantageous outcomes for Maartan Fine Chem Limited, as it will facilitate the diversification of its product offerings and foster an augmentation in its market presence.

As of September 2023, The project is now in the stage of construction being started the work on the project will be finished in 2024, 2025 or 2026 It has been decided to hire a local contractor.

News by Rahul Yeligetti