Granules, Greenko join to develop pharma zones

Hyderabad: Pharma player Granules India Limited on Tuesday said it has entered into a strategic partnership with Greenko Group subsidiary Greenko ZeroC to collaborate for green molecule solutions and its wider applications in the pharma sector with an eye on building a leadership position in sustainability and circular economy initiatives.As part of the tie-up, the two players will develop integrated green pharma zones, the first of which will come up in Kakinada, Andhra Pradesh, where Granules will build a sustainable greenfield facility spread over 100 acres at an estimated cost of around 2,000 crore over the next five years.