Indian health firm to take over CAPS

Published: 06 April 2018
A top Indian health firm, Ajanta Pharma, has signed a letter of intent with Government to take over CAPS Pharmaceuticals and revive its operations.

Further, the company intends to set up a top-notch hospital and medical college to train health practitioners. The investment is expected to top $1 billion in years' time.

Ajanta officials were lured into investing in Zimbabwe's health sector by Acting President, General Constantino Chiwenga (Retired), when he visited India recently. Yesterday, Ajanta's top officials including co-founder and vice chairman, Madhusudan Agrawal, visited CAPS Pharmaceuticals to appreciate its state.

They later held a closed door meeting with Acting President General Chiwenga (Rtd), Zimbabwe's Ambassador to India Maxwell Ranga, Health Ministry Permanent Secretary Dr Gerald Gwinji and Reserve Bank of Zimbabwe Governor Dr John Mangudya, among other senior Government officials.
- Business Weekly
Tags: Caps,


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