T&T Group cooperates with an Indian corporation to develop a pharmaceutical park project

On July 31, in New Delhi (India), within the framework of the Vietnam - India Business Forum, in the presence of Prime Minister of Vietnam Pham Minh Chinh and leaders of ministries and branches of the two countries, T&T Group and Ramky Group (India) signed cooperation agreements in many fields.

Accordingly, T&T Group and Ramky Group (Ramky Infrastructure Company Limited) will cooperate to research and develop a high-tech, modern and synchronous pharmaceutical industrial park. This industrial park meets international standards associated with green economic models, circular economy, clean production, economical and efficient use of resources and energy in Vietnam.

Sharing about this cooperation, Mr. Nguyen Ngoc Nghi, Deputy General Director of T&T Group, said that the pharmaceutical park project will help form a production chain of pharmaceutical products from raw materials to finished products. With the advantage of a closed process, large scale, concentration and favorable geographical location, the pharmaceutical industrial park will help companies reduce investment costs, increase production efficiency, and improve competitiveness. From there, helping Vietnam reduce its dependence on imports for important drugs and medical equipment. In addition, pharmaceutical parks also contribute to diversifying production chains, attracting large FDI inflows, promoting technology transfer, developing the pharmaceutical industry and building a pharmaceutical industry ecosystem in Vietnam.

“With the experience of successfully implementing pharmaceutical industrial parks (including the first pharmaceutical industrial park in the world) of Ramky Group, and the reputation and strong potential of T&T Group, in the future, pharmaceutical parks will become a place to attract many famous pharmaceutical companies in the world. Pharmaceutical products produced not only meet domestic demand but are also aimed at exporting to the region. From there, it contributes to making Vietnam a leading pharmaceutical research, development and production center in Southeast Asia and the world," a representative of T&T Group affirmed.

According to a representative of Ramky Group, the establishment of a specialized pharmaceutical industrial park in Vietnam is necessary to ensure autonomy in pharmaceutical supply and develop the country's health care and medical needs. With Ramky Group's experience, technology and resources in development, maintaining industrial infrastructure and a necessary environment for a pharmaceutical park project, Ramky Group wishes to cooperate with T&T Group to implement such a project in Vietnam.

In India, developing specialized pharmaceutical industrial parks is one of the country's strengths, contributing to making India the world's leading drug production center. Since the 90s of the 20th century, India has researched the establishment of pharmaceutical industrial parks and pharmaceutical parks to bring together leading pharmaceutical enterprises from India and the world to focus on production in specialized zones.

Jawaharlal Nehuru Pharma City (JNPC) - The country's first pharmacy center was established in the state of Andhra Pradesh, South India, by Visakha Pharmacity Ltd - a joint venture between Ramky Group & Andhra Pradesh Industrial Infrastructure Corporation (APIIC). JNPC, spread over an area of ​​2400 acres, focuses on providing world-class facilities and amenities to facilitate the establishment and continuous operation of pharmaceutical industries. JNPC serves more than 104 industries including some of the world's leading international pharmaceutical corporations such as Pfizer (USA), Mylan Laboratories (Netherlands), Eisai Pharma Technology (I) Pvt Ltd (Japan), M/ s PharmaZell Pvt Ltd (Germany), SNF (I) Ltd (joint venture with France), M/s Aptuit Laurus Labs (joint venture with US) and many other companies.

Also within the framework of the Vietnam - India Business Forum, T&T Group and Ramky Infrastructure Company Limited awarded a principle cooperation agreement to jointly contribute capital and develop, build and operate the waste treatment plant project in Vietnam. This agreement is the result of a process in which the two parties actively learned and researched the project; at the same time, it is also a framework for other cooperation between the two businesses to develop a waste treatment plant.

Accordingly, the two parties will contribute capital to implement the project according to the percentage of ownership shares, equivalent to 50% for each party. At the same time, seek domestic and international loan capital suitable to the needs of the project to bring the best economic efficiency. In the near future, T&T Group and Ramky will complete the necessary legal procedures to implement the project.

About Ramky Group

Ramky Group was founded in 1994, in Hyderabad, India and has become one of India's leading companies in the field of infrastructure development and environmental management. With the goal of developing projects that have a positive impact on both the environment and the economy as a whole, Ramky focuses on key growth areas including: Water & Wastewater, Transportation, Industrial Infrastructure, Commercial, Residential, Social, Institutional and Irrigation Infrastructure, Environmental Management, Waste and Water Management, Energy Generation, Transmission and Distribution and many other fields.

Ramky Group is a partner of both government and private partners. All of the Group's companies are professionally managed, having implemented ISO 9000, ISO 14000, ISO 17025 and OHSAS 18000 quality systems with a clear commitment to quality.

Ramky Group has a diverse project portfolio with more than 80 PPP projects. Some typical projects that Ramky Group has implemented include: The largest highway project in the State, Telangana & Andhra Pradesh; largest waste-to-energy facility in South India, Hyderabad, Telangana; Jawaharlal Nehru Pharma City, Visakhapatnam, Andhra Pradesh; the 2nd largest water treatment plant with a capacity of 410 MLD in Telangana; largest STP plant on UASB technology in South India, capacity 172 MLD; largest scale SBR installation in India.

Ramky Group currently has 6,500 employees, with a network of offices present throughout India and operating in a number of prominent international markets such as UAE, Singapore, United States, Peru, Nigeria, Egypt, Jordan, Thailand, China, Indonesia, Gabon, Vietnam…