Wockhardt to build global manufacturing hub in Aurangabad

By Staff
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Google Oneindia News

Aurangabad, (Maharashtra) Sep 17 (UNI) Pharmaceutical and biotech major Wockhardt, today announced that the company will invest Rs 600 crore in the Special Economic Zone (SEZ) at the Shendra industrial area as it intends to build a global manufacturing hub for the company here.

Addressing a news conference after the signing of the Memorandum of Understanding (MOU) with the Maharashtra Industrial Development Corporation (MIDC), Wockhardt's Executive Director Huzaifa Khorakiwala said that the proposed SEZ will be spread over 107 hectares of land leased by MIDC, and is expected to creare at least 2000 jobs in the Marathwada region of Central Maharashtra, where the company will establish a state-of-the-art pharmaceutical and bipharmaceutical manufacturing and research facility.

The SEZ will house manufacturing facilities for active pharmaceutical ingredients, biopharmaceuticals, research and development centre, effluent treatment plant, a corporate office, a warehouse and a residential and recreational complex.

The MoU was signed by Mr Rajiv Jalota, MIDC Chief Executive Officer and Mr Huzaifa Khorakiwala, Wockhardt Executive Director, in the presence of Maharashtra Chief Minister Vilasrao Deshmukh and Industry Minister Ashok Chavan here today.

Mr Khorakiwala complimented the state government for its support and fast clearance of the first major pharmaceutical and biotechnology SEZ in the state.

Appreciating the cost effectiveness and availability of good talent in Aurangabad, Mr Khorakiwala said, "We had explored several sites but chose Aurangabd because of its numerous advantages --its talent pool, social infrastructure and cost effectivenes." Wockhardt was one of the earliest companies which had set up a manufacturing facility in the historic city of Aurangabad in 1979.

The company had set up Biotech Park, India's largest biopharmaceuticals complex here in 2004.

UNI MPJ WD AG1818

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