Apex Agro Food Products Private Limited, a subsidiary of Apex Encon Projects, would spend Rs 150 crore over the next 4-5 years for setting up food processing units, cold storage plants and other infrastructure across the country.
The central government’s decision to continue controlling supply of the swine flu drug, oseltamivir, will help the drug innovator, Swiss multinational Hoffmann-La Roche, and its Indian licencee, Hetero Drugs, maintain their effective monopoly in the country, even as the drug lacks patent protection in India, fear domestic industry circles.