Centre Grants ‘in-Principle’ Approval of three Bulk Drug Parks to Himachal Pradesh, Gujarat and Andhra Pradesh
Tags: National National News
The Pharmaceutical Department under Ministry of Chemical & Fertilizershas given 'in-principle' approval to the proposals of three states- Himachal Pradesh, Gujarat and Andhra Pradesh under the scheme of "Promotion of Bulk Drug Parks".
Objective of Bulk Drug Parks
Reducing the cost of manufacturing bulk drugs by creating world class common infrastructure supported by the central government.
To enhance the competitiveness of the domestic bulk pharmaceutical industry.
Bulk Drug Parks Scheme
The scheme was notified in the 2020 with a financial outlay of Rs 3,000 crore.
The Department of Pharmaceuticals is implementing so many schemes to make the country self-reliant in API and Drug Intermediates.
One of the major initiatives under this is also the scheme of Bulk Drug Park.
The bulk drug parks to be developed under this scheme will provide common infrastructure facilities at one place.
This will create a strong ecosystem for bulk drug manufacturing in the country and will also bring down the manufacturing cost significantly.
Under this scheme, financial assistance will be provided to three states for setting up bulk drug parks.
The Indian pharmaceutical industry is the third largest in the world by size.
Financial Assistance to States for Bulk Drug Parks
The financial assistance for the proposed bulk drug parks in Gujarat and Andhra Pradesh will be 70 per cent of the project cost of common infrastructure.
The financial assistance to Himachal Pradesh being a hill state would be 90 percent of the total project cost.
The maximum assistance under the scheme for a bulk drug park would be limited to Rs 1,000 crore.
Bulk Drugs Park to be constructed on 1402.44 acres of land in Tehsil Haroli of Una district in Himachal Pradesh
Bulk Drugs Parks to be constructed on 2015.02 acres of land in Jambusar Tehsil of Bharuch district of Gujarat
Bulk Drugs Parks will be constructed on 2000.45 acres of land in KP Puram and Kodhaha of Thondagi mandal of East Godavari district of Andhra Pradesh.
Other Initiatives of Pharmaceutical Department
Production Linked Incentive (PLI) Scheme for Domestic Manufacturing of KSM/Drug Intermediates (DI) and API
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