Ahmedabad-based Troikaa Pharmaceuticals Ltd is planning to set up a greenfield
manufacturing facility in Gujarat.
Troikaa will invest around Rs.100 crore in a span of three years in the proposed
facility, which will be spread over around 65 acre near Sanand in Ahemedabad and
close to the Tata Motor's Nano plant. The new facility will manufacture pharma
and biotech products. Currently, land clearance process for the acquired 65 acre
is underway. The project will be set up in phased manner and is likely to
commence production by 2011. Currently, the company has two production units in
Ahmedabad and Dehradun.