UAE, Japan pharma majors to set up manufacturing plant in Vizag
Hyderabad, April 26: Omnicare Drugs India Pvt Ltd, a 100 per cent subsidiary of the UAE's largest pharmaceutical manufacturer Neopharma LLC, and ASKA Pharmaceuticals Co, a top pharma brand in Japan, will jointly set up a manufacturing facility in Visakhapatnam.
The two companies on Thursday announced entering into an agreement to establish a joint venture (JV) in India for the purpose of manufacturing and marketing of pharmaceuticals to global market.
The focus of this state-of-the-art facility, which will come up by 2020 at the cost of Rs 350 crore, will be to manufacture oral solid dosage forms, oral liquids and topical preparations. It will have a peak capacity to manufacture 3 billion tablets a year, said a statement.
Neopharma and ASKA Pharma will be taking accreditation from all the major global health regulatory bodies.
The manufacturing plant under this JV agreement will be based at JN Pharma City in Andhra Pradesh's Visakhapatnam. The project will go on floor next month while the operations are likely to start by 2020.
The focus will be to manufacture products targeting chronic therapies in cardiovascular diseases, central nervous system and diabetes along with other drugs from key therapeutic classes targeting Japan and world market.
"The partnership will enable us to transfer skills and knowledge locally," said B.R. Shetty, Neopharma Founder and Chairman.
N. Suresh Kumar, Neopharma COO, said: "We are entering into a strategic relationship with ASKA Pharmaceuticals to accelerate growth in regulated markets of the US and the European Union and in the emerging markets Africa and Asia."
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Efforts on to bring Hassan MP Prajwal Revanna back to India: Home Minister
Bengaluru (PTI): Karnataka Home Minister G Parameshwara on Friday said efforts are on to bring Hassan MP Prajwal Revanna, who is facing charges of sexual abuse against women, back to India.
He also asserted that the Special Investigation Team (SIT) probing the case was functioning efficiently.
The 33-year-old Prajwal, who is the grandson of JD(S) patriarch and former PM H D Deve Gowda, is facing charges of multiple instances of sexually abusing women.
The scandal has raised a political storm with the ruling Congress and BJP-JD(S) engaged in a slugfest.
Prajwal reportedly left for Germany on April 27 and is still at large.
He was BJP-JD(S) alliance's candidate from Hassan Lok Sabha segment, which went to polls in the first phase on April 26.
"Procedures are on, until we secure him, bring him back here and take action in accordance with law, they will continue. We will neither slow it nor stop it," Parameshwara told reporters on questions about the Interpol's Blue Corner Notice that was issued against Prajwal.
On BJP alleging that the government was "responsible" for Prajwal's "escape" from the country, the Minister said, "They will say it, they have to say such things. They cannot say the government is doing a good job. But we have a responsibility as a government. Such incidents cannot be taken lightly. We will do our job."
Accusing the Congress government of trying to tarnish the reputation of Deve Gowda's family instead of ensuring justice to victims of alleged sex videos scandal case involving Prajwal, JD(S) leader H D Kumaraswamy had recently alleged that every bit of information on the investigation is being sent to a Congress MLA of Mandya district, but not the Home Minister.
Reacting to this, Parameshwara said: "Kumaraswamy is also well aware, several things we cannot bring to the public domain, because the investigation is on. Who will brief the Mandya MLA? Making such allegations is easy. We all have responsibility and we are functioning with responsibility, and we are not under any compulsions."
"I want to tell him (Kumaraswamy) that SIT is working efficiently, and whatever they have to brief me or the Chief Minister, they will brief. Let there be no doubts about it," he said.
