i dont think this is the only factor to boost the market in this localities, agreed that pharma companies is viewing positive sentiment in this area but it also effect natural environment , so it is wait and watch position before investing in this area.
You are right, with the revival of the IDPL in the city, it will attract many more investors to the city to set up their facilities.. I think it will also help in the growth and development of Hyderabad.
I think this will attract more and more pharma comoanies to set up their facilities in Hyderabad, already Hyderabad is one of the top producers of drugs in the country..
I have heard that initially, medicines manufactured here would cater to requirements in Defence hospitals and those offering Central Government Health Scheme (CGHS).
IDPL's Hyderabd unit is spread over 891 acres and the plant began production in 1967. When the unit was working, the company produced as many as 47 bulk synthetic drugs including vitamins, sulphas, chloroquine, methyl dopa and analgesics.
I twas shut down a while ago, wasnt it? Manufacturing of bulk drugs at the unit was stopped in 1980 and the formulations unit was shutdown in 1996 effectively ending the life of one of the nation's important drug manufacturing facilities.
Oh,, thats good news, Back in the day.. the city's IDPL unit was Asia's largest bulk drug manufacturing unit and employed 7,000 people with another 15,000 employed in related activities.
YEs, The focus on IDPL's revival is to make India self-reliant in bulk drug manufacture so that we do not have to depend on anyone else for the prodution and export of drugs.
India is a net importer of bulk drugs from China and the government have factored into the plans the possibility that China may stop exports to India soon, which is why this move has been initiated.
IDPL has other units also, right? I guess they are also being revived again.. The company has two other units at Rishikesh in Uttarakhand and Gurgaon in Haryana.
Actually, the government plans to invest Rs 900 crore in the three Indian Drugs and Pharmaceuticals units in the country with more than half the amount to be used for IDPL's city unit
The government has planned some investment for IDPL too. Rs 15 crore is being invested in the first unit of IDPL in Hyderabad which will start production this year.
Not onlt this, the Fertilizer Corporation of India plant in Ramagundam in Karimnagar district will be revived and urea and ammonia production will start in 2018.
Yes, the IDPL units in hyderabad will start again now. The Union government will revive the defunctional bulk drug manufacturing unit of IDPL in the city and the first unit is expected to start production from July this year.