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Venkys (India) is setting up a new project for the manufacture of veterinary medical products in the animal health product segment. For this purpose, the company has acquired land with a size of 15030 m² at MIDC, village: Kesurdi, valley: Khandala, district: Satara, Maharashtra.
Construction will begin in December 2021 and the project is expected to be completed by March 2022 and commercial production to begin by June 2022.
This project is used to produce veterinary medicinal powder (600 tons / year) and liquid veterinary medicinal products (300 kiloliters per year) in order to meet the growing demand from the poultry industry.
The total cost of the project is estimated at Rs. 30 crore financed from internal provisions.
The proposed facility will be the company’s second facility to meet the latest FDA regulations and is expected to meet export needs as well. The company already has a plant in Pune (Maharashtra) with a capacity of 600 tons / year and this capacity is used at 70-80%.
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(This story was not edited by Business Standard staff and is automatically generated from a syndicated feed.)
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