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Surya Pharma plans to foray into education

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Surya Pharmaceuticals Limited is planning to foray into the education sector by setting up an integrated educational campus in Punjab, at an investment of INR 100 crore in the next one year. 'We will be investing a sum of Rs 100 crore for our education venture within one year as we are committed to impart quality education to meet the need of skilled workforce,' told Surya Pharmaceuticals Managing Director Rajiv Goyal. The company said it is targeting a nearly threefold jump in total sales at INR 2000 crore by 2011-12. It had achieved a growth of 45 % in turnover at INR 752 crore in 2008-09.

Affiliated to Punjab Technical University, the campus, which would be set up at 35 acre of land on Rajpura-Ambala NH1 road, would provide education in pharmacy, engineering and architecture and would also run MBA and MCA courses. He told, 'We are awaiting the approval of All India Council for Technical Education (AICTE) to run our venture.' Besides, the company also said it would double its headcount to 2,500 by the end of the current fiscal for the purpose of effective implementation of its retail and other expansion plans. Based at Chandigarh, Surya Pharmaceutical is a manufacturer and supplier of pharmaceuticals, API's, Fine Intermediates, formulations, herbal products and Mint/Menthol derivatives.

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