Gujarat gears up to woo fresh pharma investments – Feedback

With the tax incentives nearing an end in the hilly states and the Goods and Services Tax (GST) paving way for an uniform tax regime across the country, pharma manufacturing hubs like Gujarat have started gearing up to woo investors to the state. For starters, Gujarat is planning to set up a pharmaceutical park in its flagship industrial hub Sanand, about 30 odd kms from Ahmedabad under the Cluster Developement Programme of the Centre.

Plans are afoot to house a medical devices park near Sanand as well and a detailed project report (DPR) has been sent to the Centre. As for the pharmaceutical park, already around 50 hectares of land has been identified. According to a senior government official, “Land parcel near Sanand has been identified, and a proposal has been sent to the Centre requesting funding assistance.” The park would have a common facility center and ready to move in infrastructure, which might lure small and medium sized companies.

http://www.business-standard.com/article/economy-policy/gujarat-gears-up-to-woo-fresh-pharma-investments-as-tax-havens-lose-relevance-116082000305_1.html

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