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Joint Ventures

INDIA

Ind Swift Lab signs Joint Ventures with Iranian company

Ind Swift Laboratories Ltd has announced that it has entered into a joint venture with an Iranian company for manufacturing and marketing of Active Pharmaceutical Ingredients (API) in Iran.

This joint venture is expected to primarily focus on manufacturing of API in Iran and its marketing in the Middle East and some part of Europe.

Ind Swift Laboratories is expected to provide the necessary know-how and all the intermediates of the JV.

The company has reportedly already deputed its expert technical team for the project and the revenues from the joint venture are expected from FY 2007-08 onwards.