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Cipla to set up unit in Iran

October 04, 2014 10:14 pm | Updated May 23, 2016 06:32 pm IST - NEW DELHI

Drug major Cipla has signed an agreement with its Iranian distributor for setting up a manufacturing unit in that country.

Total contribution from the Indian company over the next three years will include machinery, equipment, technical know-how and is expected to be around Rs.225 crore for a 75 per cent stake, it added.

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