Ind-Swift's Rs 100cr capex nears completion

Ind-Swift is nearing its Rs 100 crore investment plans to be completed over a period of 6-9months in the three northern states of India - Punjab, HP and J&K.

According to a Ind-Swift release issued to the BSE, the company is setting up a state of the art 100% export oriented unit (EOU) at Lalru, Punjab, with a new finished dosage facility at tax rxempted zone, Baddi (HP) & a new unit at Samba, Jammu (J&K).

While the Jammu unit is expected to commence production in May 2005, the other two units are expected to be operational by September 2005, the release said further.