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Cadila Pharmaceuticals Ltd

India-based Cadila Pharmaceuticals is looking at investing up to $150 million to build a pharmaceutical manufacturing plant in the Astrakhan region of Russia.

Cadila Managing Director Rajiv Modi visited the Russian region and signed a protocol with Astrakhan representative Konstantin Markelov. Modi was part of a delegation from the Indian state of Gujarat, which has a cooperation agreement with Astrakhan.

The financial details and the capacity and of the proposed plant were not revealed. The Pharma Letter website, citing sources close to the Astrakhan region, said Cadila’s investments may reach $150 million.

According to the website, the proposed plant is in line with Cadila’s foreign expansion plans, which involve the increase of sales and launch of plants in the emerging markets of Russia, China and African countries. The new plant would most likely produce the majority of the company’s drugs and in particular its anti-tuberculosis range, the website added. 

15 March 2013
Investor
150.0 mln
Astrakhan region

Investor profile

Cadila Pharmaceuticals Ltd

Ahmedabad, India

T: +91 27 1822 5001

Contact: Dr Rajiv I Modi, Chairman and Managing Director

Cadila Pharmaceuticals is a medical business based in India. The firm also conducts research and development in the drug sector and also produces some biopharmaceutical products.

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