Hopes of pharma sector shattered
Pharama | December 30, 2016
When 2016 began, the pharma industry in the State hoped to get an impetus in exports following promises to set up campus of Pharmaceuticals Export Promotion Council of India (Pharmexcil), National Institute of Pharmaceutical Education and Research (NIPER) and develop second pharma city. Other major units like Hetero at Nakkapalli, Divi’s Lab at Bhimili, Aurobindo Pharma at Pydibhimavaram, Reddy’s Labs at Ranasthalam and Duvvada have an estimated turnover of Rs. 20,000 crore making the total volume of business at around Rs. 35,000 crore.