ACG plans biggest vegetarian capsules unit in Maharashtra
The Narendra Modi government’s push to replace animal origin gelatin to plant-based cellulose capsules has prodded ACG, one of the globe’s leading supplier of capsules, to set up the world’s largest greenfield vegetarian capsule factory at an investment of ₹800 crore in Aurangabad, Maharashtra.
Karan Singh, managing director of the Mumbai-based ACG, told ET that the company has got land allotted by the Maharashtra government and is looking to take advantage of the production linked inceentive (PLI) scheme announced by the Centre.
The Central government has added empty cellulose capsules manufacturing eligible under the PLI scheme. “The intention is that if there is a vegetarian alternative available, why not migrate towards it?” Singh said, adding that ACG has developed technology to make cellulose capsules.