Eli Lilly to pump $1 billion into India to boost contract manufacturing

The US pharma major to set up a manufacturing and supply hub in Hyderabad as part of a $1 billion investment aimed at boosting contract production in India

US pharma major Eli Lilly on Monday announced an investment of more than $1 billion in India over the next few years to boost contract manufacturing and supply through local drugmakers.

 

It is seeking to tap into the country’s skilled workforce to bolster global manufacturing growth. The investment includes establishment of a manufacturing and global medicine supply capacity in Hyderabad.

 

“This new hub will offer advanced technical capabilities and oversight for Lilly’s contract manufacturing network across India,” the company said. 

 

Patrik Jonsson, president, Lilly International, and executive vice-president of Eli Lilly, said the company is making significant investments to ramp