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."
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
BJP disassociates itself with Nishikant Dubey's criticism of Supreme Court, says it respects courts
New Delhi, Apr 19 (PTI): The BJP on Saturday disassociated itself with the sharp criticism of the Supreme Court and Chief Justice of India Sanjiv Khanna by its MPs Nishikant Dubey and Dinesh Sharma, with party president J P Nadda rejecting the comments as their personal views.
"The BJP has nothing to do with the comments of MPs Nishikant Dubey and Dinesh Sharma on the judiciary and the chief justice. This is their personal comments, but the BJP neither agrees with them nor does it ever support such remarks. The BJP absolutely rejects them," Nadda said in a post on X.
He said the BJP has always respected the judiciary and has accepted its suggestions and orders gladly because it believes as a party all the courts, including the apex court, are an inseparable part of our democracy.
Nadda also said that he has directed both the leaders and others to not make such comments.
Fourth-term BJP MP Dubey, one of the more vocal party members in the Lok Sabha, launched a broadside against the Supreme Court earlier, saying Parliament and state assemblies should be closed down if the apex court has to make the laws.
He also took a swipe at CJI Khanna.
भाजपा सांसद निशिकांत दुबे और दिनेश शर्मा का न्यायपालिका एवं देश के चीफ जस्टिस पर दिए गए बयान से भारतीय जनता पार्टी का कोई लेना–देना नहीं है। यह इनका व्यक्तिगत बयान है, लेकिन भाजपा ऐसे बयानों से न तो कोई इत्तेफाक रखती है और न ही कभी भी ऐसे बयानों का समर्थन करती है। भाजपा इन बयान…
— Jagat Prakash Nadda (@JPNadda) April 19, 2025
