Blue Jet weighs Rs 500 cr Andhra Pradesh plan

Blue Jet Healthcare is evaluating the acquisition of around 50 acres of land in Andhra Pradesh for setting up an active pharmaceutical ingredient (API) manufacturing facility, with a proposed investment of Rs 5 billion (Rs 500 crore).The company has entered into a memorandum of understanding (MoU) with the Andhra Pradesh Economic Development Board for the proposed project. The land acquisition is currently under evaluation, and the facility is expected to strengthen the company's manufacturing capabilities in the API segment.The proposed investment marks Blue Jet Healthcare's planned expansion into Andhra Pradesh.