A pharmaceutical factory belonging to India's Aurobindo Pharma Group was opened today by Finance Mnister Tonio Fenech, who said that the prospects for further growth of the pharmaceutical industry in Malta remained bright.

The €3 million factory at Hal Far is the first phase of a project which will see Aurobindo develop a packaging, warehousing and manufacturing hub in Malta.

Mr Fenech said it was significant for Malta that this investment was being done at a time of international financial crisis.

Aurobindo has 14 facilities around the world, with the Malta facilities including a large laboratory and lines for the producition of generics.

Mr Fenech said the pharmacuetical industry currently employed 1,000 people and, in view of ongoing investment proposals, that number was expected to grow to 1,500 in a short time.

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