Poonawalla Group is planning to set up a pharma
biotech SEZ at Hadapsar in Pune. It would entail an investment of Rs.500 crore.
The project will be financed through
internal accruals.
Work on the project will commence by December
2005 and will be completed in two years.
Poonawalla Group: The
Pune-based Poonawalla Group is identified by its flagship, Serum Institute of
India (SIIL) located in Pune. Founded in 1967 by Dr Cyrus Poonawalla and his
family, SIIL is today India’s largest exporter of vaccines and bio-immunological
products. It is also the world’s largest producer of measles vaccines and DTP
group of vaccines.