Wockhardt Pharmaceuticals Ltd has signed a Memorandum of understanding with MIDC to setup a Drugs & Medicines Manufacturing SEZ in Shendra near Aurangabad in Mahrashtra. The SEZ would be spread over 107 hectares of land leased by MIDC at Shendra.Mr. Habil Khorakiwala, Chairman, Wockhardt said that, "This SEZ will provide the base for a new thrust in international markets that will drive Wockhardt's growth in the coming years. This will make Aurangabad a major Pharma and Biotech hub in Asia".
MIDC is striking really good manufacturing deals under the SEZ policy, unlike other SEZs which are mostly setup for the greed of Land Banks. This is second time that MIDC has done a fantastic deal, earlier one was MIDC Bharaft Forge venture.
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