47% of pharma MOUs from VGGS 2024 commissioned

Gandhinagar:  The state govt said that 47% of MoUs signed in the pharmaceutical sector in the Vibrant Gujarat Global Summit (VGGS) 2024 have been commissioned. It said on Friday that of the 370 MoUs signed in the sector in the last summit held in January 2024, 175 were commissioned and 153 are in various stages of implementation.

The MoUs signed in the pharma sector had resulted in a total investment of approximately Rs 11,114.13 crore, providing employment to 20,141 people in the state, health minister Rushikesh Patel said. Pharmaceutical companies had pledged Rs 30,000 crore in investments during VGGS 2024.

An official statement said that among the commissioned projects in 2024, foreign companies like Senador Laboratories Pvt Ltd, Spain, invested Rs 2,500 crore in contraceptive drug production, creating 500 jobs. Amneal Pharmaceutical Pvt Ltd, US, invested Rs 700 crore in injectable drug production, also creating 500 jobs. Sysmex India Pvt Ltd, in collaboration with Japan, invested Rs 210 crore in medical device production, providing employment to 70 people.

Merrill Group invested Rs 910 crore in medical device production, creating 300 jobs, while Swati Spentose Pvt Ltd, Vapi, invested Rs 500 crore, providing employment to 300 people.

Related Posts

  • Pharma
  • July 24, 2025
  • 315 views
Natco Pharma shares dip over 2% after Rs 2,000-crore stake buy in South Africa’s Adcock Ingram

Natco Pharma shares slipped 2.5% to Rs 1,009 apiece on the BSE in Thursday’s trade after the company announced its plan to acquire a 35.75% stake in South Africa-based Adcock…

  • Pharma
  • July 22, 2025
  • 355 views
DGFT Extends Deadline on Application for Export of Pharma Grade Sugar

The Directorate General of Foreign Trade ( DGFT ) has notified an extension in the deadline for submitting applications for the export of Pharma Grade Sugar. This was communicated through Trade Notice…

Leave a Reply

Your email address will not be published. Required fields are marked *

You Missed

Natco Pharma shares dip over 2% after Rs 2,000-crore stake buy in South Africa’s Adcock Ingram

Natco Pharma shares dip over 2% after Rs 2,000-crore stake buy in South Africa’s Adcock Ingram

10, 000 Km is just a Number for Intercontinental Tele Surgery by SSIMantra

10, 000 Km is just a Number for Intercontinental Tele Surgery by SSIMantra

DGFT Extends Deadline on Application for Export of Pharma Grade Sugar

DGFT Extends Deadline on Application for Export of Pharma Grade Sugar

Bihar Healthcare is poised to be embraced by Robotic Surgery Mantra

Bihar Healthcare is poised to be embraced by Robotic Surgery Mantra