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Andhra Pradesh CM lays foundation stones for two bulk drug units in Anakapalli

Wednesday, 18 Oct 2023
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Andhra Pradesh Chief Minister YS Jagan Mohan Reddy inaugurated three pharma companies and participated in the groundbreaking ceremony of two bulk drugs units.

The pharma projects worth Rs 1,611 crore are at two different locations, Parawada and Atchuthapuram in Anakapalli district on 16 October, 2023. The projects belong to two different firms, Laurus Synthesis and Eugia Steriles, with investment worth Rs 1,111 crore and Rs 500 crore respectively. Both firms are expected to provide employment to around 2,450 people.

Eugia’s Phase-three unit is located in the area of 20 acres identified by APIIC at Parawada. It is a greenfield project of manufacturing general injectables, and can provide employment for 750 people. The brownfield project with an investment of Rs 440 crore was inaugurated at the APSEZ in Atchuthapuram. The project is being developed on 45 acres and will create work opportunities for around 500 people. The project’s activity is formulations and bulk drugs with a capacity of five billion per year.

For the greenfield project aimed at producing bulk drugs, the investment is Rs 191 crore. The plant’s capacity is 80 tpa with generation of around 300 jobs.

Earlier, the Chief Minister laid the foundation stones for two more projects of Laurus at JNPC Parawada. One of them was a greenfield project for producing bulk drugs with plant capacity of 655 tpa. An amount of Rs 240 crore would be invested on this project, which is expected to generate employment to around 450 people. It is being developed in 15 acres of land.

The CM also laid a foundation stone to another bulk drug generation plant of Laurus with a 80 tonnne per year capacity. 

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