Granules India to expand pharmaceutical operation in Fairfax
Granules India Ltd. is planning to invest $35 million to expand its pharmaceutical research and development and manufacturing operation in Fairfax County.
The expansion is expected to create 102 new jobs, according to a statement from Gov. Terry McAuliffe.
In 2014, the company invested $15 million to establish a wholly owned subsidiary, Granules Pharmaceuticals Inc., in Fairfax. The news release said the expansion came after McAuliffe met with company leadership in March 2017.
Granules India is headquartered in Hyderabad, India.
“Granules Pharmaceuticals Inc. will focus on developing complex generic products by leveraging in-house technology that will increase efficiency and cost effectiveness,” Priyanka Chigurupati, executive vice president, Granules India, said in a statement. “We are very excited about our plans for expansion in Fairfax County in the Commonwealth of Virginia. There is a lot of untapped potential with a highly educated and technically savvy workforce, reliable security, diverse amenities and state of the art infrastructure including Dulles International Airport, The Port of Virginia, and the expanded Metrorail in close proximity.”
The company is eligible to receive $750 per job from the Virginia Jobs Investment Program (VJIP), for a total of $76,500. VJIP provides consultative services and funding to companies creating new jobs or experiencing technological change.
VJIP funds are a reimbursement to the company after the employee has been working for the company for a period of 90 days.