Government may provide Rs 200 crore each for three new bulk drug parks – Feedback

Government is looking at the financial viability for providing Rs 200 crore each to three new bulk drug manufacturing parks in order to create common minimum facilities, Parliament was informed today.

In 2013, government had constituted a high level committee headed by V M Katoch to study the whole issue of active pharmaceutical ingredients (APIs) of critical importance. “The committee has since submitted its recommendations. After examining the recommendations, government is now looking into the financial viability of supporting the proposal for providing assistance for common minimum facilities for three greenfield bulk drugs/API parks to the extent of Rs 200 crore each,” Minister of State for Chemicals and Fertilisers Hansraj Gangaram Ahir said in a written reply to the Rajya Sabha. However, the minister did not mention which three new bulk drug manufacturing parks would be receiving the assistance.

http://economictimes.indiatimes.com/industry/healthcare/biotech/pharmaceuticals/government-may-provide-rs-200-crore-each-for-three-new-bulk-drug-parks/articleshow/52040748.cms

About news

We take care of publishing the latest investment news and highlights for Feedback

Leave a Reply

Your email address will not be published. Required fields are marked *