
Expansion16 May 2026, 01:31 pm
Onesource Pharma Gets In-Principle Nod for Unit-II Expansion in Karnataka
AI Summary
Onesource Specialty Pharma Ltd has received in-principle approval from the Government of Karnataka for its Unit-II expansion project under the Karnataka Industrial Policy (KIP) 2025–30. The approval, granted on May 12, 2026, follows the company's proposal for investment in expanding its Unit II facility at Obadenahalli, considered during the 67th State High Level Clearance Committee (SHLCC) meeting on April 13, 2026. This expansion aims to enhance manufacturing capacities for servicing global partners and represents a significant step in the company's growth strategy.
Key Highlights
- Karnataka Govt approves Onesource Pharma's Unit-II expansion under KIP 2025-30.
- Approval granted for expansion at Obadenahalli facility, Bengaluru Rural District.
- Expansion aims to boost manufacturing capacities for global partners.
- Approval received via Government Order No. CI 120 SPI 2026 dated May 12, 2026.
Price Impact
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