Serum Institute of India

Serum Institute of India's new multifunctional vaccine production facility in Pune was inaugurated on September 9, 2019. The plant, costing over Rs 3,000 crore, has a production capacity of half a billion doses and will create 3,000 jobs. Production is set to commence in November 2019.

Serum Institute will invest another 40 million euros (about Rs 280 crore) to upgrade Nanotherapeutics' manufacturing plant in the Czech Republic over the next two years.

Serum Institute of India acquired the Czech arm of US-based Nanotherapeutics for 72 million euros (around Rs 500 crore). The acquisition will quadruple its injectable polio dosage capacity to 200 million doses a year by 2019.