Tamil Nadu government has announced setting up of an Active Pharmaceutical Ingredients (API) Park in the state, with an investment of around Rs 770 crore amidst coronavirus menace. The state government also announced Rs 3280 crore to support the people who are suffering from the virus outbreak.
The new API Park to manufacture bulk drugs that would be used for finished dosages, will be set up in around 650 acre land in Cheyyar, in Thiruvannamalai district with basic amenities such as warehouses, research and development and waste treatment facilities, with an investment of Rs 770 crore, said State Chief Minister