Cipla to invest Rs 498 crore in Pithampur

Cipla to invest Rs 498 crore in Pithampur

The company will make respiratory apparatus.

Staff ReporterUpdated: Monday, December 28, 2020, 11:53 PM IST
article-image

Indore: Leading Pharmaceutical Company Cipla has offered to make an investment of Rs 498 crore in Pithampur under the ‘Aatma Nirbharbharata’ drive. The project will generate 800 direct jobs and engage several others indirectly. The company will manufacture respiratory apparatus here.

The State Head of Cipla Ashish Jutsi and Cipla's Corporate Affairs Manager Sandeep Joshi met Industrial Policy and investment Promotion Minister Prem Singh Dattigaon on Monday. They proposed to set-up a new unit in Smart Industrial Park in Pithampur. The Representatives of the company said the firm wants to set-up a second unit in the Smart Industrial Park, Pithampur, in view of the industry friendly atmosphere in Madhya Pradesh.

Delegates also informed that a unit of Cipla is already working in the Pithampur SEZ. Jutsi said Cipla, a multinational company, has showcased its products in more than 80 countries. The company currently operates in South Africa, the USA and other countries besides India. He said the company had exported around Rs 1,230 crore medicines last year. Jutsi and Joshi praised Madhya Pradesh’s ‘Aatmanirbhar Roadmap-2023’ and its pro-industry environment.

RECENT STORIES

MP: Kitchen Of Four-Storey Hotel Catches Fire In Ujjain

MP: Kitchen Of Four-Storey Hotel Catches Fire In Ujjain

MP: Pregnant Woman Attacked With Knife For Vacating Rented House In Ujjain

MP: Pregnant Woman Attacked With Knife For Vacating Rented House In Ujjain

Indore: It Would Soon Be Possible To Reach Mumbai & Delhi In 10 Hours By Road,’ Says BJP's Shankar...

Indore: It Would Soon Be Possible To Reach Mumbai & Delhi In 10 Hours By Road,’ Says BJP's Shankar...

Indore: Group Of Minors Stab Two Men In Late Night Attack

Indore: Group Of Minors Stab Two Men In Late Night Attack

Indore: Holy Weekend Coming Up; Observance Of Good Friday Today

Indore: Holy Weekend Coming Up; Observance Of Good Friday Today