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Health & Medicine, Schemes & Policies
Mahesh

12/07/22 05:46 AM IST

Strengthening of Pharmaceutical Industry (SPI)

In News 
  • Department of Pharmaceuticals, Ministry of Chemicals and Fertilizers has released the guidelines for the scheme “Strengthening of Pharmaceutical Industry (SPI)", with a total financial outlay of Rs.500 Cr for the period from FY 21-22 to FY 25-26. 
Features of the Scheme 
  • The scheme will address the rising demand in terms of support required to existing Pharma clusters and MSMEs across the country to improve their productivity, quality and sustainability.
  • The objectives of the scheme “Strengthening of Pharmaceutical Industry (SPI) are to strengthen the existing infrastructure facilities in order to make India a global leader in the Pharma Sector. Under the Scheme, financial assistance to pharma clusters will be provided for creation of Common Facilities.
  • This will not only improve the quality but also ensure the sustainable growth of clusters.
  • Further, in order to upgrade the production facilities of SMEs and MSMEs so as to meet national and international regulatory standards (WHO-GMP or Schedule-M), interest subvention or capital subsidy on their capital loans will be provided, which will further facilitate the growth in volumes as well as in quality.
  • The Scheme has 3 components / sub-schemes: Assistance to Pharmaceutical Industry for Common Facilities (APICF), to strengthen the existing pharmaceutical clusters’ capacity for their sustained growth by creating common facilities;
  • Pharmaceutical Technology Upgradation Assistance Scheme (PTUAS) to facilitate Micro, Small and Medium Pharma Enterprises (MSMEs) of proven track record to meet national and
  • International regulatory standards and Pharmaceutical & Medical Devices Promotion and Development Scheme (PMPDS) to facilitate growth and development of Pharmaceutical and Medical Devices Sectors through study/survey reports, awareness programs, creation of database, and promotion of industry.
Other schemes related to pharma:
  • Promotion of Bulk Drug Parks Scheme: To develop 3 mega Bulk Drug parks in India
  • Production Linked Incentive (PLI) Scheme: To promote domestic manufacturing of critical Key Starting Materials (KSM) and Active Pharmaceutical Ingredients (APIs) in the country.
Source- PIB 

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