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This pharma city foundation stone was laid by Y. S. Rajasekhara Reddy, then Chief Minister of Andhra Pradesh. [2] It is a pharma product SEZ and Andhra Pradesh State largest Pharma SEZ spread over 2143 acres.
Andhra Pradesh MedTech Zone (AMTZ) is the medical technology park with Common Manufacturing Facilities & Common Scientific Facilities located in Nadupuru village area of Visakhapatnam, adjacent to the Visakhapatnam Steel Plant. The AMTZ is spread over an area of 270 acres and it has over 10 manufacturing units.
The Visakhapatnam Steel Plant is only 10 km from the locality. The locality also houses many small-scale engineering work companies such as Sri Lakshmi Sai Engg, Works, Beekay Structural Steels, Vesuvius India Limited, and Jami Hydraulics Pvt. Ltd. The Visakhapatnam Special Economic Zone can be reached within 3 km.
Laurus Bio is the company's biotechnology subsidiary. Laurus Labs entered the biotechnology sector in 2020, by acquiring the Indian biotech company, Richcore. [20] Post the acquisition, Richcore was renamed to Laurus Bio Pvt Ltd, and became a subsidiary of Laurus Labs. [20]
AKD Group was founded in 1947 by Abdul Karim Dhedhi, father of the current chairman. [1] It began business in 1973 as a brokerage house before expanding into investment banking and mutual funds. [2]
Alkem set up its research and development facility for ANDA development at Taloja in 2003. [3] In 2006 anti-infective drug Taxim of Alkem became the first anti-infective drug in the Indian pharmaceutical industry to cross 1,000 million in terms of domestic sales in India. [4]
In 1987, the company merged Paintex Limited, ICI Pakistan Manufacturers Limited, and Imperial Chemical Industries Limited into a single entity. [ 3 ] In 1995, ICI Pakistan Limited set up a US$ 490 million PTA manufacturing facility at Port Qasim , near Karachi , which was commissioned in 1998 to manufacture purified terephthalic acid (PTA) in ...
NAD Kotha Road, or NAD X Road, is one of the major junctions and commercial centers in Visakhapatnam, India. It is named for the Naval Armament Depot. It is named for the Naval Armament Depot. The Naval Armament Depot and (NSTL) Naval Science and Technological Laboratories is located here.