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Mahesh

02/09/22 05:17 AM IST

Promotion of Bulk Drug Parks

In News 
  • The Department of Pharmaceuticals has conveyed ‘in-principle’ approval to the proposals of the three States Viz, Himachal Pradesh, Gujarat and Andhra Pradesh.
About the Scheme 
  • The Scheme, with a financial outlay of Rs. 3,000 crores notified in 2020, provides for financial assistance to three States for establishing Bulk Drug Parks and aims to  bring down the cost of manufacturing of bulk drugs by creation of world class common infrastructure facilities supported by the Central Governmentand thereby increase the competitiveness of the domestic bulk drug industry.
  • The Bulk Drug Parks to be developed under the scheme will provide common infrastructure facilities at one place thereby creating a robust ecosystem for the Bulk Drug manufacturing in the country and also reducing the manufacturing cost significantly.
  • This scheme is expected to encourage domestic manufacturing of bulk drugs to reduce import dependence and to establish a dominant position in the global market by providing easy access to standard testing & infrastructure facilities.
  • This scheme will also help industry meet the standards of environment at a reduced cost through innovative methods of common waste management system and also to exploit the benefits arising due to optimization of resources and economies of scale.
Financial Assistance 
  • The financial assistance to the proposed Bulk Drug Park in Gujarat and Andhra Pradesh would be 70% of the project cost of common infrastructure facilities.
  • In case of Himachal Pradesh, being Hilly States, financial assistance would be 90% of the project cost.
  • Maximum assistance under the scheme for one Bulk Drug Park would be limited to Rs. 1000 crores.
Pharmaceutical Industry
  • The Indian Pharmaceutical industry is the 3rd largest in the world by volume. India exported pharmaceuticals worth Rs. 1,75,040 crore in the financial year 2021-22, including Bulk Drugs/ Drug Intermediates. 
  • Also, India is one of the major producers of Active Pharma Ingredients (API) or bulk drugs in the world. 
  • India exported Bulk Drugs/ Drug Intermediates worth Rs. 33,320 crore in financial year 2021-22.
Source- PIB 

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