03:52 AM EDT, 10/07/2025 (MT Newswires) -- (Updates with Eli Lilly ( LLY ) statement in the first and second paragraphs.)

Eli Lilly ( LLY ) said Monday it plans to invest more than $1 billion in India in the years ahead to increase manufacturing and supply via local drugmakers.

"Lilly announced plans to invest more than $1 billion over the next several years into new contract manufacturing in India," a spokesperson said in an email to MT Newswires.

Through various partnerships, Lilly intends to increase the availability of its main drugs, including those for obesity, diabetes, Alzheimer's, cancer and autoimmune conditions, Reuters reported, citing the company.

"We are making significant investments to increase manufacturing and medicine supply capacity around the world," Reuters reported, citing Patrik Jonsson, president of Lilly International.