Granules enters pharma packaging biz in US, to invest $12.5m in new unit

Hyderabad: Pharma player Granules India Ltd on Thursday said it has forayed into pharmaceutical packaging operations in the United States and will be investing $12.5 million in a new facility at Prince William County in Virginia.

The company will be leasing a 79,000 square feet facility where it will set up packaging lines and clean rooms to package and ship pharmaceuticals. This facility will be part of the company’s consumer health division and will bring back in-house services that were earlier outsourced, the company said.

Granules India Ltd founder and managing director Krishna Prasad Chigurupati said the addition of the US packaging facility will make Granules one of the few pharma companies to be vertically integrated from API to packaging.

“This will bolster the robustness of Granules’ supply chain while also enabling the company to react even faster to consumers’ growing needs for pharmaceutical products,” he said.

“Virginia continues to attract pharmaceutical manufacturing, and Granules India’s new packaging operation in Prince William County is an important addition to the pharmaceutical ecosystem in the Commonwealth. we look forward to further development of this partnership,” said Virginia governor Glenn Youngkin.