Thursday , August 17 2017
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FERRING Pharma to set up unit in Telangana, Team meets CM

Chief Minister K. Chandrashekhar Rao said his government was planning to establish a Pharma University in the State in addition to the one proposed near the State capital. The purpose of the Pharma City was to bring all Pharma Industrial Units at one place to overcome the pollution problem, said the Chief Minister.
A two-member delegation of FERRING Pharma, which has a global turnover and a full-fledged centre with manufacturing, R&D and supporting services, represented by its chairman Frederik Paulsen and CMD, India Dr Ashok Alate called on the Chief Minister with an investment proposal of $100-250 million.
Interacting with the delegation, the Chief Minister said that around Hyderabad the bulk drug production is equal to one-third of the nation’s production and in the processes causes a lot of pollution and hence requires control measures. The Chief Minister said towards controlling pollution various precautionary measures will be taken. As the whole world was in need of drugs, all precautions must be taken while manufacturing them, he said. He also told the delegation that his government has undertaken a study as to how pharma production is managed in Scandinavia, European countries and United States and adopt the best practices. CM also mentioned that the proposed pharma city will have separate townships and common treatment plant.
Chairman and CMD of FERRING Pharma told the Chief Minister that theirs is an R&D Unit and they would like to concentrate in Telangana in future more. They also assured the CM that their unit will be of Zero discharge as no pollution is allowed to go outside and will be treated within the premises. They also said no toxic chemicals are used in their unit and theirs would be the safest drugs and are useful as life-saving medicines in super specialty hospitals.
FERRING Pharma has nine plants worldwide in countries like Argentina, China, Czech Republic, Denmark, Germany, Israel, Mexico, Scotland and Switzerland besides nine R&D Units in other countries. They have two plants in India in Maharashtra and now would like to establish in Telangana. Its global turnover is 1.5 Billion Euros.
The Chief Minister handed over a copy of TS-iPASS Policy and told them that so far 82 companies have been given approvals within 15 days of their online application.
Principal Secretary to CM S. Narsing Rao, Additional Principal Secretary to CM Santhi Kumari, Secretary Industries Aravind Kumar, MD TSIIC Narasimha Reddy were present at the meeting. (NSS)