Jivika Ayursciences, a New Delhi-based Ayurveda herbal products start-up, has outlined plans to set up a new manufacturing unit at Genome Valley near Hyderabad, Telangana.
The company recently announced its roll out of about 30 different ayurvedic healthcare products into the market by October 2021 from their facility at Karnal in Haryana. It outlined plans to enhance production capacity to cater to the global market by commissioning a new factory to produce ayurveda medicines and a host of supplements in Telangana.
The company will begin work on the Rs 120 crore plant by the end of November 2021 and expect to commence production within four months thereafter.
The new facility will include lines for production of ayurveda medicine, herbal supplements and herbal extracts and have an R&D centre. Jivika Ayursciences is planning to organically grow herbs.