Schott Kaisha opens its new plant in Himachal Pradesh

In an endeavor to make India a global leader in the pharma sphere and Himachal Pradesh the country’s next industrial hub, Schott Kaisha, a manufacturer of glass pharma packaging products, is setting up its first manufacturing unit in Himachal Pradesh. The Indo-German joint venture had recently signed an MoU with the Himachal Pradesh government for setting up its most advanced facility, to especially cater to the demands of the growing northern market. During the Domestic Roadshow under the ‘Rising Himachal Global Investors Meet’ in Chandigarh, the MoU was signed between Schott Kaisha and Shri Jayram Thakur, chief minister of Himachal Pradesh. The state is ranked third among global pharmaceutical hubs, manufacturing more than 150 bulk drugs and exporting to over 200 countries. Recognizing the state’s contribution to the pharma sector, Schott Kaisha plans to invest over Rs 50 crores on the plant to set up production capacity of 360 million ampoules and 70 million vials. The plant is expected to be operational by April 2020. Medicine spending in India is reported to grow 9-12% over…

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