Cadila Pharmaceuticals Ltd., Ahmedabad signed an MoU with the government of Gujarat on Monday to invest Rs. 1,000 crores in different existing projects.

The MoU was signed in Gandhinagar between Industries Commissioner Rahul Gupta on behalf of the government of Gujarat and Cadila Pharmaceuticals COO Mitul Dave, under the Government of Gujarat’s “Atma Nirbhar Gujarat Schemes for Assistance to Industries” scheme.

Chief Minister of Gujarat Bhupendra Patel, Industries Minister Balvantsingh Rajput, Finance Minister Kanubhai Desai and senior government officials were present. 

"We are delighted to sign this MoU with the Gujarat Government. Gujarat is the most preferred investment destination because of its conducive business environment, ease of doing business, and investor-friendly policies. Cadila Pharmaceuticals is in expansion mode and therefore investing to upgrade its existing facilities to meet emerging demands. We continue to grow and expand into newer geographies and categories in sync with our commitment to provide affordable medicines to the world,” said Dr Rajiv Modi, CMD, Cadila Pharmaceuticals.

As per the MoU, the Government of Gujarat will facilitate Cadila Pharmaceuticals to obtain necessary permissions, registrations, approvals and clearances from the concerned departments as per its existing policies and regulations.