Telangana CM K Chandrasekhar Rao and his cabinet team along with the Sanofi and Shantha leadership team
Shantha, a Sanofi Company, announced the laying of the foundation stone in Hyderabad, by Telangana's Honourable Chief Minister, K Chandrasekhar Rao, for a new production facility to manufacture Insuman, a leading human insulin product from Sanofi's range of diabetes treatments.
Sanofi will make an investment of INR 460 crore in this insulin facility. Located in Muppireddipalli (Telangana), the facility will be equipped with the latest technology to produce Insuman.
This will be Sanofi's second plant aside from the Company's existing Insuman manufacturing plant in Frankfurt.
The construction of the 13,400 square-meter building will begin immediately, with the site fully operational by 2019.
The Honourable Chief Minister, Shri K Chandrasekhar Rao welcomed the commitment towards health, technology transfer and job creation by Shantha in Telangana State.