Investment

India is taking a decisive step toward strengthening its domestic pharmaceutical supply chain with the foundation of a Rs 600 crore manufacturing facility in Kathua district of Jammu and Kashmir. The project, developed by Orchid Pharma with support from the Biotechnology Industry Research Assistance Council under the Department of Biotechnology, will produce Amino Cephalosporanic Acid (ACA), a vital intermediate used in cephalosporin antibiotics.

The Tamil Nadu Industrial Development Corporation (TIDCO) has announced a strategic investment of Rs 25 crore in Chennai-based aerospace startup Agnikul Cosmos under the state’s Startup Investment Policy 2025. The funding is designed to accelerate the company’s operational readiness and expand its aerospace manufacturing capabilities. The investment will support the development of Agnikul’s integrated space campus near Kulasekharapatnam and advance its ambitious small satellite launch program.