India, March 24 -- The Government of India has issued a release:
The Department of Pharmaceuticals is implementing the scheme for "Promotion of Bulk Drug Parks". The scheme for promotion of Bulk Drug Parks was approved by the Cabinet on 20.03.2020 to facilitate setting up of three (3) Bulk Drug Parks in the country with the objective to bring down the cost of manufacturing of bulk drugs by creation of world class common infrastructure facilities. It would also help in creation of economies of scale for production of bulk drugs.
Under the scheme, three Bulk Drug Parks were approved in FY 2022-23 in the States of Andhra Pradesh, Gujarat and Himachal Pradesh. Financial assistance from the Central Government is provided for creation of Common Infrastructure Facilities (CIF), subject to a maximum of 1,000 crore per park, or 70% of the project cost (90% in the case of North-Eastern and Himalayan States), whichever is less.
The bulk drug parks are offering land and utilities such as power, water, effluent treatment plant, steam, solid waste management, warehouse facilities at a subsidized rate.
The State Implementing Agency, Gujarat Industrial Development Corporation, has utilised Rs.341.44 crore out of the two instalments of Rs.300 crore each received as Central Grant-in-Aid, and Rs.206.92 crore out of Rs.274.20 crore from State funds, towards the development of CIF.
The present status of progress of the CIF under Gujarat bulk drug park is as under:
This information was given by Minister of State for Chemicals and Fertilizers, Smt. Anupriya Patel, in a written reply in the Rajya Sabha today.
Disclaimer: Curated by HT Syndication.
