Andhra Pradesh Industrial Infrastructure Corporation Ltd (APIIC) on Wednesday signed  an MoU with CSIR-IICT, a premier R & D institute in the country to to set up a bulk drug pharma park in the state of with the Centre’s support.

While industries minister Mekapati Gautham Reddy attended the MoU signing session via virtual mode from Nellore, senior officials from both the sides exchanged documents at the APIIC headquarters in Mangalagiri.

“CSIR has been established to carry out research in chemical sciences leading to innovative processes for a variety of products necessary for human welfare such as food, health, energy and environment and the conduct of R&D work. Partnering with such an institute will surely help the state get big ticket investments in the sector as CSIR is fully geared to meet the requirements of technology development, transfer and commercialization,” said Mekapati.

Special chief secretary (industries) Karikal Valaven said that AP is heading to become the leader of the bulk drug market in the country.