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Zydus, Sunshine launch US$20 million pharma plant in Horana to boost local drug manufacturing
The Island
|June 29, 2026
A market-driven investment backed by confidence in local pharmaceutical manufacturing
Sri Lanka's drive to strengthen domestic pharmaceutical manufacturing received a major boost last week with the launch of a US$20 million joint venture between India's Zydus Lifesciences and Sri Lanka’s Sunshine Healthcare to establish a modern pharmaceutical manufacturing facility at the Board of Investment (BOI) zone in Horana.
The foundation stone for the new plant, to be built on nearly four acres, was laid by the leadership of the two companies in the presence of senior executives and stakeholders. The facility will manufacture pharmaceutical products for the local retail market, helping improve the availability of quality medicines while reducing Sri Lanka's dependence on imports.
The venture, operating as Zydus Sunshine Lifesciences Pvt. Ltd., combines Zydus' global pharmaceutical manufacturing expertise with Sunshine Healthcare's extensive distribution network and strong presence in Sri Lanka's healthcare sector. The project is expected to facilitate technology transfer, create skilled employment, and strengthen the country's healthcare supply chain.
Speaking at the ceremony, Dr. Sharvil P. Patel, Managing Director of Zydus Lifesciences, said the investment reflected the company's longstanding commitment to Sri Lanka, where it has operated for more than three decades.
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