Project Category
Project Category
Medical and Health, Drug & Pharma
Project Description
Project Description
Phytotech Extracts is implementing a formulation plant in dist. Chikballapur, Karnataka. Civil work is in progress. The project is scheduled for completion in January 2018. According to media sources, the estimated cost of the project is Rs. 250 million. The company will design the facility on a 2 acre space as per US FDA norms and seek approvals from Asia-Pacific regulatory authorities including Korea Federal Drug Agency (KFDA) and Japan Federal Drug Agency (JFDA). The funding for this new unit is a combination of term loans and equity holding. The company plans also to cultivate herbal plants using organic farming methods on an additional 4.5 acres of land which is purchased in the vicinity of the new production unit. [Info as of: Nov. `16]
Country
Country
INDIA \ Karnataka
Our Reference Number
Our Reference Number
2008618161230
 
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