Corporate News     08-Jan-24
Caplin signs MoU with Govt. of Tamil Nadu
Commits to invest Rs 700 cr over 5 years
Caplin Group of Companies announced the signing of a Memorandum of Understanding (MoU) with the Tamil Nadu Government during the Tamil Nadu Global Investors Meet, 2024. This MoU outlines Caplin Group's commitment to invest Rs 700 crore over a period of 5 years in diverse projects. This investment will be made by Caplin Point Laboratories and its subsidiaries - Caplin Steriles and Caplin One Labs.

The MoU specifies that the government will provide necessary infrastructure and regulatory assistance as per applicable laws. This will also enable the availing of standard incentives, subject to eligibility. The investments, spanning Oncology, Active Pharmaceutical Ingredients and R&D facilities, are projected to generate 1,500 employment opportunities (1,000 direct and 500 indirect).

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