"Caplin Group to Make Strategic Investment of INR 700 Crores in Tamil Nadu"

Caplin Group of Companies has formalized a Memorandum of Understanding (MoU) with the Tamil Nadu Government during the Tamil Nadu Global Investors Meet, 2024. In a significant commitment, Caplin Group, through its entities like Caplin Point Laboratories Limited, Caplin Steriles Limited, and Caplin One Labs Limited, pledges to invest INR 700 Crores over the next five years across diverse projects. The strategic investments will encompass Oncology, Active Pharmaceutical Ingredients, and Research and Development facilities.

The MoU outlines the collaboration between Caplin Group and the government, highlighting that the state will provide essential infrastructure and regulatory support as per prevailing laws. The agreement also facilitates the utilization of standard incentives, subject to eligibility criteria. The anticipated outcome of this investment is the creation of 1,500 employment opportunities, including 1,000 direct jobs and 500 indirect jobs.

Expressing his views on this milestone, Mr. C.C. Paarthipan, Chairman of Caplin Group, stated, "We are delighted to announce the signing of an MoU with the Government of Tamil Nadu. Aligned with the state's objectives, our company's strategic investment underscores the expansion of manufacturing capacities and the promotion of research and development. This proactive initiative not only contributes to economic growth but also underscores our strong commitment to positive societal impact and social development. We acknowledge the government's pivotal role in ensuring the success of these significant projects."

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