T&T Group (right) and Ramky Group exchange cooperation agreements
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, large-scale, concentrated process and a favorable geographical location, the pharmaceutical industrial park will help companies reduce investment costs, increase production efficiency and effectiveness, enhance competitiveness, and help Vietnam reduce its dependence on imports of important drugs and medical equipment. In addition, pharmaceutical parks also contribute to diversifying production chains, attracting large FDI flows into the country, promoting technology transfer, developing the pharmaceutical industry, and building a pharmaceutical industrial ecosystem in Vietnam. “With the experience of successfully implementing pharmaceutical industrial parks (including the first pharmaceutical industrial park in the world) of Ramky Group, along with the reputation and strong potential of T&T Group, in the future, the pharmaceutical park will become a place to attract many famous pharmaceutical companies in the world. The pharmaceutical products produced will not only meet domestic demand but also be exported to the region; thereby contributing to making Vietnam a leading pharmaceutical research, development and production center in Southeast Asia and the world”, affirmed a representative of T&T Group. According to the representative of Ramky Group, the establishment of a specialized pharmaceutical industrial park in Vietnam is necessary to ensure self-sufficiency in pharmaceutical supply and develop the country's health care and medical needs. With Ramky Group's experience, technology and resources in developing and maintaining the industrial and environmental infrastructure necessary 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 pharmaceutical manufacturing center. Since the 1990s, India has researched and established pharmaceutical industrial parks and pharmaceutical parks to gather leading pharmaceutical enterprises in India and the world to concentrate production in specialized zones. Jawaharlal Nehuru Pharma City (JNPC) - the country's first pharmaceutical 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 covers an area of 2,400 acres and 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 the US) and many others. Also within the framework of the Vietnam - India Business Forum, T&T Group and Ramky Infrastructure Company Limited signed a cooperation agreement in principle to jointly contribute capital to develop, construct and operate the Waste Treatment Plant project in Vietnam. This agreement is the result of the process of actively studying and researching the project; It is also the framework for other cooperation between the two enterprises to develop the Waste Treatment Plant. Accordingly, the two parties will contribute capital to implement the project according to the ownership ratio, equivalent to 50% of each party; at the same time, seek domestic and international loan sources suitable to the needs of the project to bring the best economic efficiency. In the coming time, T&T Group and Ramky will complete the necessary legal procedures to implement the project.| Ramky Group was established 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 aim 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, Transport, Industrial Infrastructure, Commercial, Residential, Social, Institutional and Irrigation Infrastructure, Environmental Management, Waste and Water Management, Energy Generation, Transmission and Distribution and many more. Ramky Group partners with both government and private partners. All the Group’s companies are professionally managed, have implemented ISO 9000, ISO 14000, ISO 17025 and OHSAS 18000 quality systems with a clear commitment to quality. Ramky Group has a diverse portfolio of over 80 PPP projects. Some of the notable projects that Ramky Group has undertaken include: Largest State Highway Project, Telangana & Andhra Pradesh; Largest Waste-to-Energy Facility in South India, Hyderabad, Telangana; Sector-Specific Pharmaceutical Park Jawaharlal Nehru Pharmacity, Visakhapatnam, Andhra Pradesh; 2nd Largest Water Treatment Plant with a capacity of 410 MLD Telangana; Largest STP Plant on UASB technology in South India with a capacity of 172 MLD; Largest SBR Installation in India. Ramky Group currently has 6500 employees, with a network of offices across India and is operating in several prominent international markets such as UAE, Singapore, USA, Peru, Nigeria, Egypt, Jordan, Thailand, China, Indonesia, Gabon, Vietnam, etc. |
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