Gujarat To Build India’s first Bulk Drug Park Worth ₹2,300 crores - Vibes Of India

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Gujarat To Build India’s first Bulk Drug Park Worth ₹2,300 crores

| Updated: September 3, 2022 17:35

Gujarat chief minister Bhupendra Patel announced the setting up of the country’s first bulk drug park in Bharuch with an estimated cost of ₹2,300 crores. The bulk drugs park is being set up by the Gujarat government under the guidelines of the scheme “Promotion of Bulk Drug Parks” issued by the Department of Pharmaceuticals, Ministry of Chemicals and Fertilizers, Government of India on July 27, 2020, to promote bulk drugs, active pharmaceutical ingredients and critical pharmaceutical ingredients manufacturing. 

The estimated cost for the entire project is about ₹2,300 crore for which the Centre has given in-principle approval to the state government’s proposal to set up bulk drug parks with a financial grant-in-aid of ₹1,000 crores. The Gujarat pharma park project will be ready in less than two years, said a senior government official aware of the matter.

Gujarat contributes to about 28% of the country’s pharma exports of USD 25 billion and 30-31% of the domestic market which is pegged at another USD 25 billion. The pharma sector of the country has been hit by an unprecedented rise in input costs for the past one and a half years.

The central government scheme aims to provide financial assistance to three states for establishing Bulk Drug Parks and aims to bring down the cost of manufacturing bulk drugs by creating world-class common infrastructure facilities. 

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