Praveen Labs to Build Rs 60 Crore API Plant in Gujarat

Praveen Laboratories Pvt. Ltd. is making a significant investment in the pharmaceutical industry with their latest Active Pharmaceutical Ingredients (API) project at Saykha, Bharuch, Gujarat. This ambitious initiative involves a substantial investment of ₹60 Crores, reflecting the company's commitment to advancing pharmaceutical production capabilities.

The new facility is designed to produce a substantial 60 tons of active pharmaceutical ingredients per month, addressing the growing demand for high-quality APIs in the market. This production capacity not only bolsters the company's market position but also contributes to the local and national economy by enhancing drug manufacturing capabilities.

Situated in the strategically advantageous region of Saykha, Bharuch, the project benefits from excellent infrastructure and logistics, facilitating efficient distribution and supply chain management. The location is ideal for supporting the large-scale production and distribution needs of Praveen Laboratories.

This investment underscores Praveen Laboratories' dedication to innovation and excellence in the pharmaceutical sector. By increasing the availability of critical APIs, the company plays a pivotal role in ensuring the supply of essential medications.

Overall, Praveen Laboratories' new API project marks a significant step forward in their mission to enhance pharmaceutical production and meet the industry's evolving needs.

News by Rahul Yelligetti