Ramky Group launches Pharma Incubation Centre in AP

Hyderabad, Aug 8 (UNI) Ramky Group, a specialist multi-disciplinary organisation focusing on Civil, Environmental and Waste Management Infrastructure, today announced the launch of its Pharma Incubation Centre in Vishakhapatnam.

Announcing its launch here, Ramky Group Chairman Ayodhya Rami Reddy said ''this incubation centre will encourage first generation entrepreneurs in particular and small scale sector in general.

''Technocrats could set up their own manufacturing facilities in the centre which provides speedy, hassle-free manufacturing facilities with all necessary statutory approvals and clearances.

''The advantage for first generation entrepreneurs and technocrats are manifold, starting with ready availability of R&D and manufacturing facilities with all supporting utilities.

The technocrats would necessarily save the lead time and money needed for sourcing equipment, logistics and nuances of setting up manufacturing units.

The entrepreneurs could thus concentrate on their core activity of manufacturing and marketing of the products.

The centre would prove to be a gateway to success in more ways than one for the first generation entrepreneurs as the risk of investment is very minimum coupled with the availability of all support facilities, utilities and services and scope for contract manufacturing.

Ramky Group had taken a lead by coming forward to provide land, buildings, equipment on a lease basis along with facilities and utilities which would shorten gestation period and minimise investment by individual units. Ramky Group also proposes to co-invest with the entrepreneurs on a case specific basis.

The group would provide and support entrepreneurs in sourcing markets and also encourage ancillary status from the large and medium scale industries other than providing skilled manpower and training facilities.

UNI