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Israel's Teva to foray into India with P&G through pharma JV

The joint venture between Teva and P&G would set up OTC drug manufacturing facility at Sanand in Gujarat with an initial investment of Rs250 crore

 
Ahmedabad: Global pharma giant, Teva Pharmaceutical Industries (TPI) shall foray into India through a joint venture with US based Proctor & Gamble (P&G) and will set up its first manufacturing facility at Sanand in Gujarat, reports PTI quoting a top state official.
 
"TPI and P&G joint venture P&G Teva would set up over the counter (OTC) drug manufacturing facility at Sanand with an initial investment of Rs250 crore," Gujarat's Commissioner Food and Drug Control Administration (FDCA) HG Kohsia said.
 
"The total proposed investment in Gujarat by the JV is around Rs500 crore. They would initially hire 500 people, which could go up to 1,000," he said.
 
Around 15 acres of land for the project has already been acquired, Koshia said.
 
A formal announcement is likely to be made after signing of a memorandum of understanding (MoU) with the state goverment during the Vibrant Gujarat Global Summit-2013 scheduled for January next year, official sources said.
 
"The facility to come up on 15 acres of land is proposed to have two separate lines, one for manufacturing Ayurvedic drugs and another for allopathic medicines," he said.
 
A joint delegation of P&G Teva recently visited Gujarat and evinced interest in setting up a manufacturing facility here.
 
"A four member delegation led by Vice President Corporate Quality of Teva Karin Baer met us and sought details of setting up a facility to manufacture OTC products like cough syrups, inhalers....amongst others," Koshia said.
 
Assistant Vice President Teva Rajiv Palliwal, Senior Director OTC operations Teva Haresh Gill and Seema Sundereshan, a senior scientist from P&G were part of the delegation, he said.
 
The proposed facility at Sanand would have state-of-the-art equipment and adhering to good manufacuring practices (GMP) norms to make products both for Indian and overseas market, Koshia said.
 
A lot of global companies have evinced interest in setting up their facilities in Gujarat, an established hub for pharmaceutical companies, especially SMEs.
 
NYSE listed, Teva Pharmaceutical is number one global generic company, having a portfolio of 1,480 molecules with operations in 60 countries and distribution network in around 100 countries. 
 

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Facebook user base soars to five crore in India

Facebook said most of its subscribers from India use mobile phone to access its portal and this has prompted the company to rethink its business model

 
Hyderabad: Facebook has said its user base in India has grown from 80 lakh (8 million) in 2010 to five crore (50 million) now and most of the people access the site through mobile phones, prompting it to rethink its business model, reports PTI.
 
While for other countries it was the desktop which was first used to get in to the portal, in case of India it was the mobile phone, said Kirthiga Reddy, Facebook Director - online operations and head of office - India.
 
Most of the people in the US started on desktop and moved to mobile, she said, adding that India is causing the company to rethink its model.
 
"Because many people are going to Facebook first on mobile and they might never go to desktop again," Reddy said.
 
The situation has prompted Facebook to come out with many innovations so that the site can be accessed through any mobile phone, she added.
 
"Facebook had a user-base of 8 million when it started its office in India in 2010. It has grown to 50 million users since then," Reddy said, adding that currently translation in India is available in eight languages.
 
"Globally, we have many users that contributed for translation of local languages. Translate tool is open for a few other languages," she said.
 
Replying to a query, she said as per studies children below 13 tend to access Facebook when their parents are using the site.
 
"Our policy is that children below 13 years of age are not allowed...we have taken that very seriously. Anytime someone is being reported being under 13 (of age), we immediately look into that and take action. There is a lot of education and initiatives we engage in," she added.
 
According to the information available in Facebook official site, it had 901 million active users at the end of March 2012, and approximately 80% of these monthly active users were outside the US and Canada.
 
Facebook is available in more than 70 languages.
 

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