A drug company from India is going to expand its operation in the U.S. And that’s going to mean new jobs in Fairfax County…102 of them.
Governor Terry McAuliffe says Granules India Ltd. will be investing $35 million into its wholly-owned subsidiary, Granules Pharmaceuticals Inc., to expand its pharmaceutical R&D and manufacturing capabilities in Herndon. Virginia successfully competed against New Jersey for the project.
In 2014, Granules India invested $15 million to establish Granules Pharmaceuticals in Fairfax County, creating 75 jobs.
“Building on the Commonwealth’s proven strengths in the pharmaceutical sector and creating jobs of the future are essential to diversifying and building the new Virginia economy,” the Governor said in a news release. “Granules India has demonstrated impressive growth at its sole U.S. R&D and manufacturing operation in Fairfax County, a testament to the resources and infrastructure the Commonwealth offers in this ever-evolving industry. I was pleased to meet with company leadership to discuss this important expansion project, and I look forward to a continued corporate partnership.”
Granules India Ltd. is headquartered in Hyderabad, India. The company manufactures Active Pharmaceutical Ingredients (APIs), Pharmaceutical Formulation Intermediates (PFIs), and Finished Dosages (FDs).
“We are very excited about our plans for expansion in Fairfax County”, says Executive Vice-President Priyanka Chigurupati. “There is a lot of untapped potential with a highly educated and technically savvy workforce, reliable security, diverse amenities and state of the art infrastructure including Dulles International Airport, The Port of Virginia, and the expanded Metrorail in close proximity.”
The Virginia Economic Development Partnership will support Granules’ new job creation through its Virginia Jobs Investment Program (VJIP). VJIP provides consultative services and funding to companies creating new jobs or experiencing technological change to support employee training activities. VJIP reduces the human resource costs of new and expanding companies. VJIP is state-funded, demonstrating Virginia’s commitment to enhancing job opportunities for its citizens.