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AstraZeneca announces investment of USD 90 million in India

Press Trust of India  |  Bengaluru 

Biopharmaceutical company today announced its decision to further invest USD 90 million in over the next five years.

The announcement was made following a meeting between the company's for International Region and Narendra Modi, who is now on a visit to Sweden, the company said.

The investment commitment would span across AstraZeneca's diverse footprint in with an aim to strengthen its manufacturing, clinical operations, patient safety ?regulatory science, IT services and commercial operations, it said.

Furthermore, the investment would support scientific data generation, quality manufacturing, science talent development and collaborative development of innovative solutions to improve the standard of in

The company, in a release here, also said the commitment aligns closely with Indian government's initiatives to create a stronger business, innovation, and health care environment such as "Skill India", "National Health Policy" and "Ayushman Bharat."

said has a long-standing commitment in India of 40 years, adding, "our latest investment reflects our commitment to address the unmet needs in non-communicable diseases, enable high-value job creation and boost medical innovation in the country."

At present, has a workforce of over 4,000 employees in India spanning manufacturing, sales and marketing, clinical operations, IT services, digital services and Global medicines development, the release said.

(AZPIL), a listed company, is headquartered in ? ? ?

The company's facility here has a sophisticated production facility designed to meet the most stringent international standards, conforming to World Health Organisation cGMP (current Good Practices) norms, it said.

AstraZeneca also has a sizeable clinical operation and is expanding its global medicines development unit that focuses on patient safety and regulatory science in India, the release said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, April 17 2018. 19:55 IST