Get All Access for $5/mo

AstraZeneca to Invest INR 250 Cr to Expand Its Chennai Global Innovation and Tech Centre This expansion will create around 1,300 roles focused on innovation, efficiency, and global operations.

By Entrepreneur Staff

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Minister of Industries Dr TRB Rajaa, Govt of Tamil Nadu, Christina Scott CMG, Deputy British High Commissioner to India and AstraZeneca team at the inauguration of expanded GCC space in Chennai

AstraZeneca India Private Limited (AZIPL) has announced an INR 250 crore (USD 30 million) investment to expand its Global Innovation and Technology Centre (GITC) in Chennai, Tamil Nadu.

According to the official release, this expansion will create around 1,300 roles focused on innovation, efficiency, and global operations. The facility was inaugurated by Dr TRB Rajaa, Tamil Nadu's Minister of Industries, alongside British Deputy High Commissioner Christina Scott CMG and AstraZeneca's leadership team.

Celebrating its 45th year in India, AstraZeneca aims to leverage advanced technologies to enhance healthcare outcomes through this expansion by 2025.

Sanjeev Panchal, Managing Director and Country President of AstraZeneca Pharma India Limited (AZPIL), said, "Our expansion in Chennai signifies AstraZeneca's unwavering commitment to pioneering science and innovation. This strategic investment underscores our dedication to improving patient outcomes through cutting-edge technology and reinforces our aspiration to transform the future of the healthcare industry."

The GITC facility in Chennai currently occupies 334,000 square feet of office space at Ramanujan IT City. With AstraZeneca's entry into the landscape, it further plans to add about 180,000 square feet over the next six months.

AZIPL is the Global Capability Center of the Swedish-British pharmaceutical corporation that made its entry into the Indian market around 45 years ago. The business created the highly sought-after COVID-19 vaccination, known as Covishield. It currently employs over 4,000 individuals nationwide.

Thiru MK Stalin, Chief Minister of Tamil Nadu, said, "Technology is the driving force behind innovation, and we are committed to making Tamil Nadu an epicenter of technology and research. This collaboration with AstraZeneca aligns perfectly with our vision to foster innovation and create high-value opportunities for the people of Tamil Nadu. We are committed to ensuring Tamil Nadu's position as a premier investment destination for companies around the world."

Dr TRB Rajaa, Industries Minister, Tamil Nadu, added, "This investment will not only enhance our state's capabilities in the pharmaceutical and healthcare sectors but also spur technological advancements and economic development. With this expansion and talent exposure, AstraZeneca is contributing to our vision of making Tamil Nadu a global hub for innovation-driven industries."

Entrepreneur Staff

Entrepreneur Staff

Editor

For more than 30 years, Entrepreneur has set the course for success for millions of entrepreneurs and small business owners. We'll teach you the secrets of the winners and give you exactly what you need to lay the groundwork for success.
News and Trends

"45% of All Ongoing Hydropower Projects in India are Ours": Patel Engineering

Patel Engineering reported a turnover of INR 4,400 crore in the last fiscal year, with a projected 10 per cent growth for the current year.

Side Hustle

'Hustling Every Day': These Friends Started a Side Hustle With $2,500 Each — It 'Snowballed' to Over $500,000 and Became a Multimillion-Dollar Brand

Paris Emily Nicholson and Saskia Teje Jenkins had a 2020 brainstorm session that led to a lucrative business.

Marketing

5 Critical Mistakes to Avoid When Giving a Presentation

Are you tired of enduring dull presentations? Over the years, I have compiled a list of common presentation mistakes and how to avoid them. Here are my top five tips.

Leadership

Should I Stay or Should I Go? 8 Key Points to Navigate the Founder's Dilemma

Here are eight key signs that help founders determine whether to persevere or let go.

Science & Technology

5 Rule-Bending AI Hacks to Make Your Mornings More Productive and Profitable

By 2025, AI will transform productivity by streamlining workflows and cutting costs. Major companies like Microsoft, Google, and OpenAI are leading the way, advancing AI into "Phase 3," where tools act as digital assistants. Discover 5 AI hacks to boost efficiency and redefine your daily routine.

Science & Technology

5 Automation Strategies Every Small Business Should Follow

It's time we make IT automation work for us: streamline processes, boost efficiency and drive growth with the right tools and strategy.