8 months ago
Andhra Pradesh Expands Pharma Hubs
Andhra Pradesh is becoming a big place for making medicines.
The Visakhapatnam Economic Region (VER) wants to be the largest medicine-making area in India by 2032.
They have plans to build big areas for research, making medical devices, and producing the basic parts of medicines.
Meanwhile, another place called Orvakal in Kurnool district is also becoming important for making medicines.
Two companies from Hyderabad are investing a lot of money there to make factories and create jobs.
This is all happening to make Andhra Pradesh a top place for making medicines in India.
Visakhapatnam Economic Region (VER) aims to become India's largest pharma cluster by 2032.
VER currently contributes 7-8% of India's pharmaceutical GVA and 90% of Andhra Pradesh's pharma output.
Plans include a 3,000-acre life sciences cluster in Srikakulam for research and innovation.
A 500-acre Medical Devices Manufacturing Zone 2.0 is planned for high-value medical equipment.
Orvakal in Kurnool district is emerging as a pharmaceutical hub with investments from Virupaksha Organics Ltd and Sigachi Industries Ltd.
- Who
- Visakhapatnam Economic Region (VER) planners, Andhra Pradesh government, Virupaksha Organics Ltd, Sigachi Industries Ltd
- What
- Expansion of pharmaceutical manufacturing hubs in Andhra Pradesh, including VER and Orvakal
- Where
- Visakhapatnam Economic Region and Orvakal in Kurnool district, Andhra Pradesh, India
- When
- Target year for VER is 2032; recent investments in Orvakal
- Why
- To strengthen Andhra Pradesh's position as a preferred destination for pharmaceutical manufacturing and to create jobs
Key facts
- Current Pharma GVA
- US $1.4 billion (2023)
- Current Pharma GVA Contribution to India
- 7-8%
- Current Pharma GVA Contribution to Andhra Pradesh
- 90%
- Proposed Life Sciences Cluster
- 3,000-acre greenfield cluster in Srikakulam
- Proposed Medical Devices Manufacturing Zone
- 500-acre zone
- Proposed Bulk Drug Park
- 2,000-acre park in Nakkapalli
- Target Year for National Leadership
- 2032
- Investment in Orvakal
- Rs 1,225 crore
- Jobs Created in Orvakal
- 1,500 direct jobs
- Companies Investing in Orvakal
- Virupaksha Organics Ltd, Sigachi Industries Ltd
Quotes
Andhra Pradesh State Government
The governing body of the state of Andhra Pradesh, India.
“Orvakal’s rapid rise as a pharmaceutical cluster is being driven by its close proximity to Hyderabad, excellent road connectivity, availability of large, contiguous industrial land parcels and plug-and-play infrastructure developed by the Andhra Pradesh Industrial Infrastructure Corporation (APIIC).”
thehindubusinessline.com
