CPL Sketched Ambitious Plans To Open Close To 8 Units In Its Phaez Park

Cadila Pharmaceuticals (CPL) has sketched ambitious plans to open close to eight units in its upcoming PhaEZ Park near Ahmedabad, which is touted to be the largest in India. In all, it will infuse about Rs 600-700 crore to set up seven to eight units in our SEZ. About 25 per cent of the SEZ area will be utilized captively by Cadila. The eight units will come up in a phased manner in a span of six to seven years. The company targets to set up two units for an estimated investment of about Rs 150 crore soon. Cadila has set up a subsidiary, CPL Infrastructure, to fast-track the development of the 500-acre zone. The company is also planning to open a 50-mw, gas-based power plant and has initiated talks to rope in power companies as co-developers.