Lalitpur will soon see the construction of a 2,000-acre pharmaceutical park that can house up to 70 manufacturing facilities.

According to a press release from the state government on Monday, the park is anticipated to bring in investments of $1 lakh crore to the state.

More than 1.5 lakh new jobs are anticipated to be created as a result of this development. Supporting pharma-related sectors will reportedly result in the creation of 3 lakh jobs. Continue reading.

The state government will provide 94 plots in the park, in which plots will range from five acres to 50 acres.

This includes three plots of 50 acres, five of 30 acres, eight of 20 acres, 15 plots of 15 acres, 20 plots of 10 acres, and 43 plots of five acres each. Out of the total area, the government will provide plots for industry set-ups in 53%, while the remaining portion will be allocated for other facilities, the statement read.