Helvoet Pharma set up 1st plant in India

Belgium's Helvoet Pharma, part of the Daetwyler Group, is setting up its first greenfield production facility in Khandala Industrial Area, Phase I on the Pune-Bangalore Highway with an investment of Rs 120 crore. The new plant, spread across 36,000 square meters, will come up in the newly developed MIDC Special Economic Zone near Pune and will serve as a strategic hub for exports to European countries.
The company will be employing more than 100 persons. The facility will include a product design and customization centre and is expected to be operational by 2012. It will gratify to the needs of the local as well as the globally operating pharmaceutical customers of India.