Pharma Focus Asia
KP - Sustainable Packaging Solutions

GVK Biosciences Plans New API Facility in Visakhapatnam

Introduction

GVK Biosciences plans to set up a second Active Pharmaceutical Ingredients (APIs) manufacturing facility in Visakhapatnam. It has an existing plant in Hyderabad with a capacity of 135 kilolitres.

Features

The new facility would have a production capacity of 250 kilolitres. The proposed expansion would require around 100 acres of land and would be completed in 24 months. The company would utilise internal accruals for the project. Along the sidelines of this project, GVK also plans to come up with a formulations plant in Bangalore. Through the API facility, GVK would be catering to its customers across the globe, which includes 35o pharmaceutical and biotech companies worldwide. While the company has discovered three new drug compounds in the past couple of years, around 7 more are already in the pipeline.

Budget

The expected investment in the project would be around INR100 crores (US$ 16.6 Billion).

Specifications Table:

  • Company Name
  • GVK Biosciences
  • Location
  • Visakhapatnam, India
  • Estimated Investment:
  • INR 100 crores (US$ 16.6 Billion).
  • Expansion Type
  • New Construction
Latest Issue
Get instant
access to our latest e-book
MFA + MMA 2024CPHI Chine || PMEC China 2024Asia Healthcare Week 2024Gibco Adherent Kidney Media PanelCPHI Korea 2024Equinix accelerated medical research...CHEMICAL INDONESIA 2024Thermofisher - Antibody Therapeutic PolishingINALAB 2024 Thermo Scientific - DynaDrive and DynaSpinDigital Health Asia 2024Rehab Expo 2024ISPE Singapore Affiliate Conference & Exhibition 20242024 PDA Pharmaceutical Manufacturing & Quality Conference2024 PDA Cell and Gene Pharmaceutical Products Conference 2024 PDA Aseptic Manufacturing Excellence Conference2024 PDA Aseptic Processing of Biopharmaceuticals ConferencePharma Quality Excellence Awards 20244th Annual Pharma GMP Quality Management 20243rd World ADC Asia 2024
Searching for an end-to-end patient tech solution?