The company will set up its global R&D headquarters in the city
US-headquartered pharma company Baxter will invest around Rs 100 crore to set up its global research and development (R&D) headquarters in Ahmedabad, a senior state government official said.
“Baxter with a turnover of almost Rs 90,000 crore will be setting up its global R&D headquarters in Ahmedabad. The size of the investment will be around Rs 100 crore. This unit will not only offer specialised roles but also bring a new enthusiasm in the state’s pharmaceutical sector,” MK Das, Additional Chief Secretary to the Chief Minister, said.
The official said the company has purchased space near Ahmedabad for the project.
Currently, Baxter has a research and development and information technology centre in Bengaluru and a manufacturing unit in Ahmedabad where the company is manufacturing generic injectables.
