| Bharat Biotech will set up a biotechnology facility in Perak, Malaysia, jointly with Perak State Development Corporation and Remco Engineering & Consultancy.
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| The unit, which needs investment of Rs 45 crore, is expected to be operational by the end of this calendar year.
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| Industry sources said the vaccine production and biotech R&D set-up will undertake mass production of Hepatitis B, Typhoid and Malaria vaccines. Bharat Biotech sources confirmed the setting up the plant but declined to comment on the time frame by which it would go on stream.
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| Though Bharat had planned to set up a vaccine plant in Africa, the company embarked on the Malaysia project since the joint venture proposal emerged with the support of the government of Malaysia.
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| An industry analyst said that Bharat Biotech is planning few more overseas ventures to cater to the world markets.
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| Bharat Biotech had signed the memorandum of agreement with Remco Engineering and Consultancy and Perak Development Corporation (PDC) for the joint project early last year.
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| Under the joint venture to set-up the facility, PDC has offered the land, while Bharat Biotech and Remco have responsiblities for providing the technical expertise, and construction services respectively. |
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