With the help of the NY governor's office, Strides Pharma acquires new manufacturing site

Date Published11/01/2021
Author NameJosh Sullivan
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Strides Pharma Inc
Parent companyStrides Pharma Science Ltd
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):40
What product(s) and/or service(s) were outsourced domestically?Manufacturing
Year reshoring announced:2021
Domestically, the work will be done:In-house
Capital investment ($):66
Country(ies) from which reshored:India
City reshored to:Chestnut Ridge
State(s) reshored to:NY
If relevant, work nearshored to:-
Product(s) reshoredSemi-solid, liquid, nasal spray, oral solid dosage
What domestic positive factors made reshoring more attractive?Government Incentives, New York State
Government Incentive dollar amount:$10 million
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