Dr Reddy's is setting up two SEZs
Our Corporate Bureau
19 May 2007
Hyderabad: Dr Reddy's Laboratories (DRL) is setting up two special economic zones (SEZs) - one each at Hyderabad and Visakhapatnam in Andhra Pradesh. One SEZ will be exclusively for active pharmaceutical ingredients, the second will be for other pharmaceutical products.
The company has a capital expenditure programme of $100 million (over Rs 400 crore) said GV Prasad, vice-chairman and chief executive officer, DRL. He added that the company would continue its geographical expansion and enhance its growth into oncology and bio-generic products.
Dr Reddy's will launch 10 new products in the current financial year.