|
Galpha Labs to set up unit in Baddi
Balakrishnan Nair - Mumbai
City-based Galpha Laboratories Ltd plans to set up a new unit at Baddi, Himachal
Pradesh for manufacturing liquids, capsules, tablets and with separate cephalosporin
injectables set up. The project spread over 3.5 acres has been estimated to
cost around Rs 20 crores. The liquid line unit shall be operational from
May this year, where as the tablets/ capsules and cephalosporin injectable manufacturing
block shall begin manufacturing from July and October respectively,said
J P N Singh, Director, Galpha Laboratories Ltd.
The Himachal Pradesh Governments incentives and tax free zone (excise
and sales) for industrial units, has encouraged Galpha to set up this multi-
crore plant at Baddi. This new plant will be able to produce 10,000 litres of
liquid per day along with 10 lakh tablets and 10 lakh capsules per shift. This
project will ensure fulfillment of the internal manufacturing requirement as
well as offers loan-licencing manufacturing facility for other companies. The
proceeds for the project shall be accrued from internal accruals and institutional
funds, Singh said.
The company at present has presence in therapeutic segments like nutritional,
antibiotic, gastro-intestinal and pain management. The Galpha group of companies
comprises Galpha, Maxel, Ecogen, Institutional Business and Export Divisions.
While Galpha division operates in ethical pharma segment all over India, Maxel
Division started its business operation in all eastern and north eastern states,
MP, Chattisgarh, Maharashtra and Rajasthan.
The Ecogen division promotes branded generics, whereas Institutional
Business Division supplies medicines to hospitals and health centres of government
and private institutions such as Indian Railways, ESIS, NTPC, CGHS and Indian
Army amongst other. Export is a key focus area, which is expected to contribute
significantly to turnover and growth of Galpha laboratories Limited. The introduction
of this plant into the fleet of Galpha manufacturing units would strengthen
Galphas ambition to be a pharma major in coming years.
|