Biopharmaceutical company AstraZeneca today announced its decision to further invest USD 90 million in India over the next five years.
The announcement was made following a meeting between the company's Executive Vice President for International Region Leon Wang and Prime Minister Narendra Modi, who is now on a visit to Sweden, the company said.
The investment commitment would span across AstraZeneca's diverse footprint in India with an aim to strengthen its manufacturing, clinical operations, patient safety ?regulatory science, IT services and commercial operations, it said.
Furthermore, the investment would support scientific data generation, quality manufacturing, science talent development and collaborative development of innovative solutions to improve the standard of care of non-communicable diseases in India.
The company, in a release here, also said the commitment aligns closely with Indian government's initiatives to create a stronger business, innovation, and health care environment such as "Skill India", "National Health Policy" and "Ayushman Bharat."
Leon Wang said AstraZeneca has a long-standing commitment in India of 40 years, adding, "our latest investment reflects our commitment to address the unmet needs in non-communicable diseases, enable high-value job creation and boost medical innovation in the country."
AstraZeneca Pharma India Limited (AZPIL), a listed company, is headquartered in Bengaluru. ? ? ?
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