Sanofi plans Rs 3,600 crore investment in Hyderabad, GCC.
By 2025, the company plans to invest approximately 900 crore, and by 2026, it hopes to have added 1,600 new positions.
Delhi, New: Sanofi Healthcare India, a French pharmaceutical company, has declared that it will invest approximately Rs 3,600 crore (400 million euros) in its Global Capacity Centre (GCC) located in Hyderabad within the next six years.
By 2025, about 900 crore, or 100 million euros, will have been invested. By 2026, the corporation intends to add 1,600 new employment as well. During the next two years, the Hyderabad GCC will hire about 2,600 people, becoming it the largest of Sanofi's four global hubs, according to Madeleine Roach, Executive Vice President of Business Operations of the company, during a press briefing.
Hyderabad's GCC, one of Sanofi's four worldwide GCCs along with Budapest, Malaysia, and Colombia, was established in 2019. There are one thousand workers employed by it. According to Roach, the facility has expanded rapidly from being merely a medical hub to offering a wide range of services to the company's affiliates and global activities.
The corporation wants to improve its worldwide operations and strengthen its position in India with these expansions. The relocation is anticipated to create jobs for some 2,600 people, making it the biggest of Sanofi's international hubs once more. It is anticipated to become the first biopharma firm powered by artificial intelligence (AI). It is likely to employ IT professionals such as software engineers and data scientists, among others.
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