Singapore, June 26 -- Zydus Lifesciences and Sunshine Healthcare have announced the setting up of a strategic joint venture (JV) company - Zydus Sunshine Lifesciences, with an investment commitment of over $20 million to establish a pharmaceutical manufacturing facility in Sri Lanka, strengthening local production and reducing import dependence.

The facility, to be located at the Board of Investment zone in Horana, will be developed on nearly four acres of land. The foundation stone has been laid, marking the formal commencement of the project.

The plant will focus on manufacturing pharmaceutical products for Sri Lanka's retail market, improving access to high-quality medicines while supporting national supply chain resilience.

The joi...