The signing ceremony took place on July 31 in New Delhi (India), within the framework of the Vietnam - India Business Forum, witnessed by Vietnamese Prime Minister Pham Minh Chinh and leaders of ministries and sectors of Vietnam and India.

Accordingly, T&T Group and Ramky Group (Ramky Infrastructure Company Limited) will cooperate to research and develop a high-tech, modern and synchronous pharmaceutical industrial park that meets international standards, associated with a green economic model, circular economy, clean production, economical and efficient use of resources and energy in Vietnam.

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Representatives of T&T Group (right) and Ramky Group exchanged cooperation agreements.

Sharing about this cooperation, Mr. Nguyen Ngoc Nghi, Deputy General Director of T&T Group, said that the pharmaceutical park project helps form a production chain of pharmaceutical products from raw materials to finished products. With the advantage of a closed, large-scale, concentrated process and a favorable geographical location, the pharmaceutical industrial park will help companies reduce investment costs, increase production efficiency and effectiveness, enhance competitiveness, and help Vietnam reduce its dependence on imports of important drugs and medical equipment.

In addition, pharmaceutical parks also contribute to diversifying the production chain, attracting large FDI flows into the country, promoting technology transfer, developing the pharmaceutical industry, and building a pharmaceutical industrial ecosystem in Vietnam.

"With the experience of successfully implementing pharmaceutical industrial parks (including the first pharmaceutical industrial park in the world) of Ramky Group, along with the strong potential of T&T Group, in the future, the pharmaceutical park will become a place to attract many famous pharmaceutical companies in the world. The pharmaceutical products produced will not only meet domestic demand but also aim to export to the region; thereby contributing to making Vietnam a leading pharmaceutical research, development and production center in Southeast Asia and the world", a representative of T&T Group affirmed.

According to the representative of Ramky Group, the establishment of a specialized pharmaceutical industrial park in Vietnam is necessary to ensure self-sufficiency in pharmaceutical supply and develop the country's healthcare and medical needs. With Ramky Group's experience, technology and resources in developing and maintaining the industrial and environmental infrastructure necessary for a pharmaceutical park project, Ramky Group wishes to cooperate with T&T Group to implement such a project in Vietnam.

In India, developing specialized pharmaceutical industrial zones is one of the country's strengths, contributing to making India the world's leading pharmaceutical manufacturing center. Since the 1990s, India has researched and established pharmaceutical industrial zones and pharmaceutical parks to gather leading pharmaceutical enterprises in India and the world to concentrate production in specialized zones.

Jawaharlal Nehuru Pharma City (JNPC) - the country's first pharma hub is being set up in the southern Indian state of Andhra Pradesh by Visakha Pharmacity Ltd - a joint venture between the Ramky Group and Andhra Pradesh Industrial Infrastructure Corporation. JNPC is spread over an area of ​​2,400 acres and focuses on providing world-class facilities and amenities to facilitate the establishment and seamless operation of pharmaceutical industries.

JNPC serves more than 104 industries including some of the world's leading international pharmaceutical corporations such as Pfizer (USA), Mylan Laboratories (Netherlands), Eisai Pharma Technology (I) Pvt Ltd (Japan), M/s PharmaZell Pvt Ltd (Germany), SNF (I) Ltd (joint venture with France), M/s Aptuit Laurus Labs (joint venture with the US)...

Also within the framework of the forum, T&T Group and Ramky signed a cooperation agreement in principle to jointly contribute capital to develop, build and operate a waste treatment plant in Vietnam. This agreement is the result of the research and study process on the project; at the same time, it is also the framework for other cooperation between the two enterprises to develop the project.

The two parties will contribute capital to implement the project according to the ownership ratio, equivalent to 50% of each party, and at the same time seek appropriate loan sources to bring about the best economic efficiency. In the coming time, T&T Group and Ramky will complete the necessary legal procedures to implement the project.

Ramky Group was established in 1994, in Hyderabad, India and is one of India's leading companies in the field of infrastructure development and environmental management.

Ramky Group has a diverse project portfolio of over 80 PPP projects. Notable projects implemented include the largest state highway in Telangana & Andhra Pradesh; the largest waste-to-energy facility in South India at Hyderabad, Telangana; JNPC’s industry-specific pharmaceutical park; Telangana’s second largest water treatment plant with a capacity of 410 MLD…

Ramky Group operates across India and in several international markets such as UAE, Singapore, USA, Egypt, Thailand, China, Indonesia, Vietnam…

Mac Ngoc