Kerala State Drugs and Pharmaceuticals Ltd (KSDP) located at Alappuzha, is all set for revival soon with a total allocation of Rs 20 crore earmarked for the same.
The state PSU Kerala State Drugs and Pharmaceuticals Ltd has been lying sick for the last several years. The health and industry departments of the state government have jointly worked out a plan to restart its operations once again that is expected to be completed in three to four years. The government has already allocated Rs 7 crore. The balance will be given as per the scheme being progressed.
The company was engaged in the production of pharmaceutical formulations, injections, IV-fluids, tablets, capsules and powders. In 1983, the company started with a vitamin-A plant but soon the company turned sick unit and in 2003 the operations were come to a halt. The firm is planning to start production of intravenous fluids apart from renovating its tablet, vitamin and injection manufacturing sections. Efforts would also be made to conform to Good Manufacturing Practice (GMP) standards prescribed by the World Health Organization, the managing director pointed out.
The company was started in 1974 and it was one of the best drugs manufacturing companies in India during that period. A range of twenty to thirty formulations was manufactured in the unit. The revival package would be used by the KSDP for a technology makeover, capacity expansion and venture into the modern drug-manufacturing field. The scheme will be implemented in a phased manner. In the first phase, the section of Tablets and capsules will be modernized according to US FDA standards. The section of injection and iv-fluids will be modernized in second phase.