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AMARAVATI: Andhra Pradesh Industrial Infrastructure Corporation Ltd (APIIC) on Wednesday inked an MoU with CSIR-IICT, a premier R & D institute within the nation to to arrange a bulk drug pharma park within the state of with the Centre’s help.
While industries minister Mekapati Gautham Reddy attended the MoU signing session through digital mode from Nellore, senior officers from each the edges exchanged paperwork on the APIIC headquarters in Mangalagiri.
“CSIR has been established to carry out research in chemical sciences leading to innovative processes for a variety of products necessary for human welfare such as food, health, energy and environment and the conduct of R&D work. Partnering with such an institute will surely help the state get big ticket investments in the sector as CSIR is fully geared to meet the requirements of technology development, transfer and commercialization,” mentioned Mekapati.
Special chief secretary (industries) Karikal Valaven mentioned that AP is heading to grow to be chief of the majority drug market within the nation.