Ramky Infrastructure Executes Concession Agreement for INR 3,000 Crore High-Tech Pharmaceutical Park
Ramky Infrastructure Ltd. announced the execution of a Concession Agreement between the Maharashtra Industrial Development Corporation (MIDC) and Maha Integrated Life Sciences City Limited (MILeS City), a wholly owned subsidiary of Ramky Infrastructure Limited, for the development of a High-Tech Pharmaceutical Park at the Dighi Port Industrial Area in Raigad district, Maharashtra. The project, estimated to cost INR 3,000 crore, will be implemented on a Public-Private Partnership (PPP) basis under the Design, Build, Finance, Operate and Transfer (DBFOT) model. The concession period will span 95 years, including a construction period of five years. The proposed High-Tech Pharmaceutical Park will be developed across approximately 1,000 hectares and will establish a world-class integrated life sciences manufacturing ecosystem.
Key Highlights
- Execution of Concession Agreement for a High-Tech Pharmaceutical Park in Maharashtra.
- Project cost estimated at INR 3,000 crore under a PPP model.
- Concession period of 95 years, with a 5-year construction period.
- Development of a large-scale integrated life sciences manufacturing ecosystem.
- Project to strengthen industrial infrastructure and attract investments in the pharmaceutical and life sciences sectors.