Jaipur, May 16: Otsuka Chemical India Ltd,a subsidiary of multinational Japanese company Otsuka Chemical Co, has set up its unit for production of a bulk drug intermediate(namely GCLE) in Rajasthan.
The manufacturing facility,involving an investment of Rs 150 crore, will be set up in Keshwana Rajput village near Kotputli with support from Rajasthan State Industrial Development and Investment Corporation (RIICO), a RIICO spokesman said. The unit will manufacture GCLE an advance Cephalosporin antibiotic intermediate, a product resulted from Otsuka Japan's original research work 19 years ago, he said. GCLE is used in manufacturing of many life saving Cephalosporin antibiotics.
The new unit will provide employment to 200 people and will also save foreign currency as the product is presently being imported, he added.