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Venky's to Set up First Vaccine Plant in Europe

by 5m Editor
17 March 2010, at 10:10a.m.

INDIA - Venky's has announced its pan to enter Europe with a poultry vaccine plant in Switzerland.

The VH Group (Venkateshwara Hatcheries; Venky's) is entering Europe with a state of the art poultry vaccine manufacturing facility in the Canton of Jura in Switzerland, the first Indian company to do so, according to Equity Bulls of India.

Working with the economic promotion agency, BaselArea, the VH Group was able to find an appropriate site in Bassecourt, in the Canton of Jura and to establish the new company in Switzerland within the shortest time possible.

The VH Group is the leading Indian poultry conglomerate based in Pune. Incorporated under the name Venky's Inc., the state of the art manufacturing facility in Bassecourt will provide a major stepping stone for the VH Group to strengthen its position in the European market.

B. Venkateshwara Rao, Managing Director of the VH Group, said: "One of the main reasons for us to come here is the high quality standard related to Switzerland. Thanks to the uncomplicated and efficient collaboration by all the partners of BaselArea, we were able to quickly find an appropriate site and to establish the company here."

Provided that the approval process goes according to plan, the new production facility in Bassecourt should become operational by the end of 2011, providing up to 50 job opportunities in the region in the initial year of operation. The VH Group will produce poultry vaccines for the European, Asian and other regulated markets in Bassecourt, Switzerland.

Dr Franz A. Saladin, CEO of BaselArea, commented: "I am pleased to welcome the VH Group to the Basel area. The strong life sciences industry here provides an ideal home for this modern facility and we look forward to a continued collaboration with Venky's."