Good morning friends. I’s a good news about our city that it was chosen by the government to cater global markets. This has referenced to The Times of India where I always wanted to gather current information.
With this kind of news concerning our city, it will be a great deal withWhen the world’s leading R&D equipment maker, supplier and services provider ThermoFisher Scientific Inc decided to set up Asias first clinical trial supplies manufacturing and distribution plant, it turned to Ahmedabad. The $11-billion US giant chose Ahmedabad after a rigorous analysis of multiple pharma and biotech SEZs. “We considered six other locations including Hyderabad, Bangalore, Pune and Mohali,” says Fisher BioPharma Services India Pvt Ltd president and managing director Ram Gupta.
The company has acquired 15 acres at Zydus Cadilas Pharmez at Matoda and is putting up a 1.5 lakh sq ft facility to cater to global markets. In the first phase it is injecting $17 million in the greenfield facility that will commence production in the third week of November. Plans are afoot to invest another $50-odd milllion over the next five years in quadrupling capacities.
Incidentally, the Ahmedabad facility is ThermoFishers sixth clinial trial supplies facility and the first of its kind in Asia. The US company has three such plants in US and one each in UK and Switzerland.With over 30,000 employees, the NYSE-listed ThermoFisher caters to nearly 3.5 lakh customers in the pharma and biotech space across 150 countries.
“With pharma and biotech MNCs increasingly looking at India as a human clinical trials destination for new drugs, there was tremendous pressure from clients to set up base in the shortest possible time and Ahmedabad was the only city with completely approved pharma SEZs,” explains Gupta.What also swung things in Ahmedabads favour was the good manpower availability, superior quality of life and affordable living.
“Someone renting a 2BHK apartment in Mumbai or Bangalore can in the same budget easily get a 4BHK apartment or bungalow with a bit of greenery thrown in here,” he says. “Being a pharma and CRO hub, manpower with good technical capabilities at the middle level is easily available here. Its also easier to move top talent from cities like Bangalore and Hyderabad here because of the quality of life,” he adds
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