News
Blue Jet Healthcare enters into non-binding MoU with Andhra Pradesh Economic Development Board
13-Nov-2026 | 17:59
To set up API manufacturing facility in Andhra Pradesh with investment of Rs 500 cr
Blue Jet Healthcare has entered into a Memorandum of Understanding (MOU) dated 13 November 2026 with the Andhra Pradesh Economic Development Board (APEDB), Government of Andhra Pradesh, in connection with the Company's proposed investment in the State of Andhra Pradesh.
Under the MoU, the company is evaluating to acquire 50 Acres of land (phase wise) with an investment value of Rs. 500 crore (phase wise) for setting up of API Manufacturing Facility. The MoU is non binding and is valid for 12 months from the date of signing, with project implementation subject to requisite approvals, statutory clearances and applicable Government policies and approval of Board of Directors of the Company.