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ABL Biotech Sets Up a 100 Crore Facility at Marine Biotech Park |
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ABL Biotech is setting up a 100 crore facility to manufacture DHA and EHA
at the Marine Biotech Park at Visakhapatnam. It would be the World's 2nd India's 1st DHA, EHA facility.
The AP Government has developed a Marine Biotech
Park in Visakhapatman, India modeled on the lines of SP Biotech Park of Genome
valley. One of its first occupents, Celgen Biologicals Pvt Ltd (Celgen), a
wholly owned subsidiary of ABL Biotechnologies, is in the process of
establishing India's first facility for the production of the essential fatty
acid DHA at Visakhapatnam.
It has been one of the first companies to be
allotted ten acres of land in the Marine Biotech Park at Visakhapatnam.
According to the officials of Celgen, in spite of ABL Biotechnologies operations
being based out of Chennai, it has looked at putting up the Celgen project in AP
on the basis of development and support in that state. Celgen focuses at
microbial metabolites that have commercial use.
It was set with the
objective of establishing a global presence in the area of phytopharmaceuticals
from original research conducted in various parts of the world, especially
India. The technology for this project has been sourced from ABL
Biotechnologies. This project would be the first of its kind in India and second
in the world for the production of Omega Fatty acids from plant sources. Celgen
would be investing about Rs 100 crore in this area. It proposes to produce
around 100 MT of DHA per annum.
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Last Updated ( Saturday, 26 March 2005 )
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