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Eli Lilly to invest over $1 billion in India to expand manufacturing capacity
Eli Lilly will invest more than $1 billion in India in the coming years to boost manufacturing and supply through local drugmakers, the company said on Monday, as it seeks to tap into skilled workforce to bolster its global manufacturing expansion.
India has invited global firms to invest in its strategic petroleum reserves (SPRs) as the nation's energy consumption growth would be fastest among large economies in coming decades, oil minister Dharmendra Pradhan told a conference on Monday.
This investment will support the company's original market entry commitment to invest 100 million pounds made in 2021, delivered ahead of the 5-year mark, according to a statement.
Eli Lilly and Co. plans to invest more than $1 billion in India over the next few years to build new contract manufacturing capabilities in the South Asian nation, underscoring the US drugmaker’s push to bolster its global supply network.
India’s sweeping GST reform slashes taxes on essentials and durables, immediately boosting household consumption in a country where 60% of GDP is demand-driven.
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US pharma giant Eli Lilly plans to invest more than $1 billion in India in the coming years. The company wants to grow its manufacturing and supply chain in Ind
Prime Minister Narendra Modi on Wednesday renewed his pitch for Make in India across sectors -- from mobiles to semiconductors and electronics, saying the government is accelerating the pace of reforms,
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