Torrent Pharma has reportedly pushed its plans for setting up formulations
unit in Pharmez at Zydus Group's SEZ in Ahmedabad in Guajarat on a backburner.
The company is likely to firm up its plans for the formulation plant at the
Zydus SEZ depending on the market demand scenario. It had planned to invest
close to Rs 100 crore for setting up a unit in Pharmez.
This apart, the company has finalised its plans to set up a pharma
manufacturing unit at Dahej in Gujarat. The company has earmarked Rs 325 crore
for the proposed unit which is slated to commence commercial production by March
2013.