Categories: Investment

GSK Pharma to invest Rs.1,000 cr in tablets, capsules unit near Bengaluru

Mumbai, August 2015

GlaxoSmithKline Pharmaceuticals Ltd (GSK) has decided to invest Rs.1,000 crore to set up facility to manufacture tablets and capsules.

The Karnataka government has allotted 50 acres of KIADB land at Vemgal Industrial Area in Kolar for the purpose. The facility is expected to generate jobs for 232.

Ian Felton, Deputy High Commissioner, British Deputy High Commission, Bengaluru, said the tentative date for the ground breaking ceremony of the GSK facility is likely to be September 8. He extended formal invitation to the Karnataka Chief Minister Siddaramaiah, and RV Deshpande, Karnataka Minister for Large & Medium Industries and Tourism today.

The global pharmaceutical company’s facility at Vemgal, Kolar, is the first new manufacturing facility of the company after a gap of 15 years anywhere in the world, said Felton.

GSK has its presence in India since 1924, and currently employs over 4,500 people. The company two manufacturing units in Nasik and Thane as well as a clinical development centre in Bengaluru.

A business delegation of UK businessmen led by Richard Heald, CEO, UK India Business Council (UKBC) called on K Ratna Prabha, Karnataka Additional Chief Secretary to Commerce and Industries Department and BS Shekarappa, CEO and EM, KIADB and discussed about GlaxoSmithKline Pharmaceuticals investments in Karnataka.

The UKBC team invited the Karnataka government to participate in ‘India UK Business Convention 2015’ scheduled to be held at New Delhi from September 10 to 12.

Ratna Prabha said Karnataka Minister for Large and Medium Industries Deshpande is likely to address the largest gathering of UK businesses in India about the opportunities in Karnataka on September 11 in the plenary session entitled ‘Competitive Federalism’.

“This will be a great opportunity to attract top UK companies to Karnataka during Invest Karnataka 2015 scheduled during November 23-25,” she added.

The Pharma Times News Bureau

Recent Posts

Lung Cancer Awareness Month

By Dr. C N Patil, HOD and Lead Consultant - Medical Oncology & Haemato-Oncology, Aster…

3 hours ago

Unmasking COPD: The Silent Respiratory Threat of Smoking

By  Dr. Pavan Yadav, Lead Consultant - Interventional Pulmonology & Lung Transplantation, Aster RV Hospital …

3 hours ago

Khazi India Foundation to Host Expert Cardiac Consultations in Adoni

Kurnool, November 20, 2024: Adoni, Andhra Pradesh, – The Khazi India Foundation is pleased to…

1 day ago

Aakash Healthcare Celebrates Children’s Day with Kids from Choti Si Khushi

New Delhi, November 20, 2024: Aakash Healthcare marked this year’s Children’s Day with a joyful…

1 day ago

Annual eye screening crucial for diabetic patients to protect eyesight: Dr Agarwals Eye Hospital

Dr Agarwals Eye Hospital, Bengaluru, is providing free consultations for diabetic patients aged 50 and…

3 days ago

7 Signs You Are Suffering From Protein Deficiency

By Ms. Archana S, Senior Nutritionist, Aster Whitefield Hospital, Bengaluru As an essential nutrient, protein…

3 days ago