The Andhra Pradesh Industrial Infrastructure Corporation (APIIC) has allotted land to Solara Active Pharma Sciences is to build a drug manufacturing unit in Visakhapatnam.
With an expected investment outlay of Rs 736 crore, the unit will occupy 68,799 sq mtr of land. The project will be implemented in two phases. While Phase-I will entail an investment of Rs 586 crore, Phase-II will be developed with Rs 150 crore.
According to the website of Solara, it will be amongst the Top 10 Pure-Play Global Active Pharmaceutical Ingredients Company that builds significant value for our partners, stakeholders and shareholders, committed to protect Human life and the Environment.
“Solara Active Pharma Sciences is a young, dynamic, entrepreneurial and customer oriented API manufacturer. We have a legacy of over three decades and trace our origins to the API expertise of Strides Shasun Ltd. and the technical knowhow of human API business from Sequent Scientific Ltd,” it said.
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