Sridhar Babu inaugurates Innovera's new site at New Jersey

Hyderabad: IT and industries minister D. Sridhar Babu inaugurated Innovera Pharma's latest site in New Jersey, USA, during his recent visit. The facility is expected to play a crucial role in expanding Innovera Pharma’s research, development, and production capabilities.

Innovera has experience of developing several challenging products including patent challenges and setting up vertically integrated pharmaceutical companies that manufacture active raw materials, finished dosage forms and sell the finished products in the United States as well as globally.

The company interacted with the Telangana officials at the World Economic Forum (WEF) in Davos. The state delegation was led by chief minister A. Revanth Reddy and Sridhar Babu. These discussions paved the way for the company to invest in Telangana. Within 30 days of announcement, a groundbreaking ceremony was held in February in Suryapet for enhancing local manufacturing capabilities and infrastructure. The partnership showcases how regional governments can support enterprises in scaling their operations globally, a release said.