Scheme for ‘Promotion of Bulk Drug Parks’
The Department of Pharmaceuticals has recently given ‘in-principle’ approval to the proposals to set up bulk drug parks in three states- Himachal Pradesh, Gujarat and Andhra Pradesh under the scheme of “Promotion of Bulk Drug Parks”. This is a major initiative to support bulk drug manufacturing in the country.
Highlights
- Under this scheme, proposals for construction of bulk drug parks were received from 13 states. Out of which Himachal Pradesh, Gujarat and Andhra Pradesh have been selected.
- The financial assistance for the proposed bulk drug parks in Gujarat and Andhra Pradesh will be 70 per cent of the project cost of the shared infrastructure.
- At the same time, being a hill state, the financial assistance for Himachal Pradesh will be 90 percent of the total project cost. The maximum assistance for wholesale drug parks under this scheme will be limited to Rs 1,000 crore.
About the Parks
These parks will be set up on 1402.44 acres in Haroli tehsil of Una district of Himachal Pradesh, 2015.02 acres in Jambusar tehsil of Bharuch district of Gujarat and 2000.45 acres at KP Puram and Kodhaha in Thondagi mandal of East Godavari district.
Project Benefits
- The bulk drug parks to be developed under this scheme will provide common infrastructure facilities at one place, thereby creating a strong ecosystem for bulk drug manufacturing in the country and will also bring down the manufacturing cost significantly.
- The scheme is expected to gain a foothold in the global market by encouraging domestic manufacturing of bulk drugs and providing easy access to standard testing and infrastructure to reduce import dependence.
- The scheme will help the industry to meet environmental standards at low cost through innovative methods of common waste management system and to reap the benefits arising out of the optimization of resources and economies of scale.
Month: Current affairs - September, 2022
Category: Government Schemes Current Affairs