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Business
Novonesis to Invest ₹6,660 Cr in New Maharashtra Biosolutions Plant
✍️ Business Standard
🗓 02 Sep 2026, 08:38 PM
👁 3
Novonesis has announced a ₹6,660 crore investment to set up a biosolutions facility in Maharashtra, marking a significant expansion in the state's biotech sector.
Novonesis, a biotechnology firm, has revealed plans to invest ₹6,660 crore in a new biosolutions facility in the state of Maharashtra. The investment is aimed at expanding the company’s production capacity and strengthening its position in the rapidly growing Indian biotech market.
The announced amount will fund the construction of a state‑of‑the‑art plant, along with the procurement of advanced equipment and the recruitment of skilled personnel. While the company has not yet disclosed the exact site or project timeline, it has indicated that the facility will be operational within the next few years.
Maharashtra, known for its robust pharmaceutical and biotechnology infrastructure, is expected to benefit from the influx of capital and technology. The new plant is projected to create employment opportunities and support ancillary industries in the region.
Industry analysts view the investment as a positive signal for the state’s biotech ecosystem, potentially attracting further foreign and domestic investment in the sector.
The announced amount will fund the construction of a state‑of‑the‑art plant, along with the procurement of advanced equipment and the recruitment of skilled personnel. While the company has not yet disclosed the exact site or project timeline, it has indicated that the facility will be operational within the next few years.
Maharashtra, known for its robust pharmaceutical and biotechnology infrastructure, is expected to benefit from the influx of capital and technology. The new plant is projected to create employment opportunities and support ancillary industries in the region.
Industry analysts view the investment as a positive signal for the state’s biotech ecosystem, potentially attracting further foreign and domestic investment in the sector.