Neuland Laboratories enters into JDA with Phoenix Embassy Techno Zone

Neuland Laboratories has entered into a Joint Development Agreement (JDA) with Phoenix Embassy Techno Zone for development of the land owned by the company at Nanakramguda near Hyderabad. The company would be entitled to receive approximately 23% share of the total saleable area of the project, which would be determined upon approval of the building plans by the appropriate authorities.

Neuland Laboratories manufactures active pharmaceutical ingredients for global pharmaceutical companies and provides end-to-end solutions for the pharmaceutical industry for chemistry-related services. It supplies to pharmaceutical companies across India, Europe and North America amongst others with a presence in over 85 countries. The company has two manufacturing facilities in Hyderabad, Telangana.