Mumbai: Salve Pharmaceuticals, a leading company in the Pharmaceutical and skincare sector, has recently unveiled its plans to establish a new manufacturing facility at the Reliance Modern Economic Township (Reliance MET) in Jhajjar, Haryana. The commencement of operations at the new plant is expected in the first quarter of 2024.
The introduction of this plant by Salve Group aims to capitalize on various opportunities in quality control, cost efficiency, flexibility, and innovation for their products. By establishing this facility, the company will be able to pioneer advancements and experimentation in formulations, ingredients, and technologies, allowing them to maintain a competitive edge and drive product innovation. Additionally, the new plant will empower Salve Pharmaceuticals to ensure consistent product quality, personalize offerings, and cater to emerging companies’ needs in India and internationally.
“As of now, the organization has refrained from seeking project funding, yet we rely on non-banking finance companies (NBFCs) for funding to address any working capital shortfall.” Said Mr Ajay Kakar, Founder of Salve Group of Companies.
Location of the plant
The new plant will be situated within the Reliance MET Industrial Area, which is located in Jhajjar, Haryana. Developed by Reliance Industries Limited, this expansive industrial hub spans over 8,000 acres and provides world-class infrastructure and facilities to diverse industries. The area fosters a conducive environment for manufacturing, logistics, warehousing, and other commercial activities, attracting domestic and international enterprises. With its advantageous location, well-designed layout, and state-of-the-art amenities, the Reliance MET Industrial Area stands as an ideal destination for industrial growth and investment, further added by Mr Ajay Kakar.
About Salve Pharmaceuticals
Salve Group of Companies is a fast-growing conglomerate catering exclusively to the dermatology and cosmetology segment. Established in 2006 as a part of the Salve Group of Companies founded by Mr Ajay Kakar and Archana Kakar, Salve Pharmaceuticals aims to produce and develop the most effective and safest products in the skincare industry. The company has wide experience in developing derma, cosmetic and aesthetic products with its two innovative manufacturing facilities, Salve Pharmaceuticals and Salvia Cosmeceuticals.
