08.21.06
Lupin planning SEZ in India
Lupin planning SEZ in India for themselves
Lupin, a global market leader in API and formulations in the Pharma Industry, is planning an SEZ in Maharashtra. The initial investment would be Rs 200 crore, which may go up to anywhere between Rs 400 crore and Rs 500 crore. The company has been heard for hunting land in Maharashtra. When asked to a senior official, he said that the company is would like to set up a manufacturing plant inside the SEZ and would not sell space to others. “We propose to put up a manufacturing plant inside the SEZ, but, in no way, are we going to develop it for the use of others,” a source said.
Our Review: With more and more SEZ coming up in the India, India would definitely be the preferred commercial hub of the world. The incentives that the government is giving in the SEZ would attract the foreign investments also. With Service Sector also waiting to get the incentives, more and more service providers outside India would prefer Indian companies to provide services at low costs.