Elder Pharmaceuticals, a leading pharmaceuticals company in India, is aiming at getting its JV project with Japan's Kose Corporation on stream in the next three months by utilizing its existing plant in Himachal Pradesh. It had forged the joint venture with Kose Corporation to manufacture and sell cosmetics in India through a JV company that is provisionally named Kose Elder (India).
For this project, the company is not setting up a new plant, as it already has an existing plant in Paonta Sahib in Himachal Pradesh, which is making pharmaceutical products. This plant will be used for making cosmetic products because it will be following the same manufacturing norms as of pharmaceutical products.
