Cipla to set up manufacturing facility in Iran
Drug manufacturer Cipla has signed an agreement with its distributor in Iran to set up a manufacturing unit there. Cipla is expected to contribute machinery, equipment and technical knowledge worth Rs. 225 cr over thethe next 3 years in return for a 75% stake. The investment is yet to receive the necessary regulatory approvals. The Iranian venture is a part of Cipla’s strategy to expand to other Asian countries
Cipla is an Indian company that was established in 1935 in Mumbai. It sells over 2,000 products in 180 countries around the world. It has a turnover of US $1.5 bn and employed 26,000 persons as of 2012-13.
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Month: Current Affairs - October, 2014
yogita kumari
October 9, 2014 at 8:18 pmI want to take membership of gk today. pls advise how an I proceed? and what I have to pay?
Nikhil Paigude
January 6, 2015 at 12:05 pmHi Yogita, you may download monthly Current Affairs PDF’s on this link http://store.gktoday.in/
yogita kumari
October 9, 2014 at 8:18 pmI want to take membership of gk today. pls advise how an I proceed? and what I have to pay?
Nikhil Paigude
January 6, 2015 at 12:05 pmHi Yogita, you may download monthly Current Affairs PDF’s on this link http://store.gktoday.in/