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Jambusar (Gujarat) [India], March 15 (ANI/Seraphim): To meet the increasing demand in Asia, SCHOTT invested 75 million euros (approx. Rs 660 Cr) over the last three years to expand its pharma glass production in India. The Gujarat-based facility is the company's manufacturing hub for borosilicate glass tubing, a high-quality material that is converted to pharmaceutical containers, such as vials, ampoules, or syringes, to store life-saving drugs. This expansion contributes to the Indian government's vision of further strengthening India as a global pharmaceutical hub, while also supporting Germany's commitment to increasingly invest in India - as recently agreed upon by Chancellor Olaf Scholz and Indian Prime Minister Narendra Modi. At the official opening event today, local government officials, business unit executives, and pharma industry representatives celebrated the start of a new production of FIOLAX amber pharmaceutical glass tubing. With this move, manufacturers of
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"Every credit has its quirks," Peter Scherer said. "I enjoy the challenge of putting them in context while delivering thoughtful and punchy credit opinions that inform investors and inspire confidence in the municipal market."