Hikal Ltd and the government of Gujarat have signed a Memorandum of Understanding (MoU) as part of the investment initiative aligned with the Vibrant Gujarat Global Summit 2024. Under the provisions of the MoU, Hikal is set to infuse ₹500 crore into the existing fine chemical plant situated in Panoli, Gujarat. The Panoli facility stands out as the sole Hikal site encompassing all three business verticals – Pharma, Crop Protection, and Animal Health. As reported by DeshGujarat, the government will support Hikal in securing the requisite permissions, registrations, approvals, and clearances from respective state departments.
