Chemicals & Fertilizers Minister launches two schemes for Pharmaceuticals Industry

Tags: National News

Chemicals and Fertilizers Minister Dr. Mansukh Mandaviya on 21 July launched two schemes to strengthen the pharmaceutical industry with focus on Micro, Small and Medium Enterprises and Clusters.

These schemes are- 

1. Pharmaceutical and Medical Device Promotion and development Scheme (PMDPS)  

2. Assistance to Pharmaceutical Industries for Common Facilities Scheme. 

Important facts

• The scheme will address the issues of technology up-gradation at the unit level and cluster level.

• The government is committed to unlocking the immense potential of the pharma industry.

• The scheme will help the industry to enhance its quality, technology and infrastructure up-gradation.

• It will also encourage collaboration between various stakeholders for the overall development of the pharma sector.

• The scheme will increase investment, encourage research and innovation and enable the industry to develop future products.

• To strengthen the supply chain of the pharmaceutical industry, of which MSMEs are an integral part, the government will encourage such businesses to obtain Schedule M certification or Good Manufacturing Practices (GMO) certification.