The city would soon have a third Ayurvedic college with a US-based pharmaceutical company joining hands with a research foundation here to set-up a state-of-art institution. An MOU will be signed between Natreon Inc and Indu Health Research Foundation Trust (IHRFT) at Vibrant Gujarat summit on Tuesday. As part of the collaboration, Natreon will set up an Ayurvedic college and a research institute in the city with an investment of Rs 100 crore with plans of adding a manufacturing unit in future.

The Ayurvedic college is proposed to be set up in a year's time on city outskirts at Ankodia. "We will start with 60 students but our focus would be to strengthen research base. We want to educate ayurvedic institutions in the country to adhere to high quality standards practised in pharmaceuticals industry," said business partner of Natreon Inc Sanni Raju.

"Later, we plan to establish a manufacturing plant in the city to prepare extracts and finished dosages of ayurvedic drugs. The idea is to popularise use of ayurvedic products just like other pharmaceutical products amongst masses," added Raju.

Natreon Inc will be providing technical expertise and investment for setting up the college and institute. IHRFT has already prepared an outline for the project.

"The basic plan of the college and institute is designed by us and Natreon will provide the support to build a world class learning and research institution," said IHRFT chairman Vijay Shah.