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25 June 2018
 |
| Pharmaceuticals industry (The Total Investment & Insurance
Solutions) |
The
government has proposed over Rs 460 crore support for the development of
pharmaceuticals industry with an aim to reduce cost of bulk drugs and medical
devices through setting up of common facility centres and to help SMEs upgrade
technology. The Total Investment &
Insurance Solutions
Announcing guidelines for five sub-schemes under the pharma development
programme, the Department of Pharmaceuticals (DoP) said the objective is to
reduce cost of production by 20-25 per cent in bulk drug parks.
Similarly, for medical devices also, the aim is to bring down the cost
of production significantly in the dedicated medical device parks, thereby
leading to better availability and affordability in the domestic market.
The government is looking at providing assistance to bulk drug industry
by setting up common facility centres which is proposed as a central sector
scheme with a total size of Rs 200 crore for 2018-2020, the DoP said in an
announcement on its website. The Total
Investment & Insurance Solutions
"The scheme would be implemented through a one-time grant-in-aid to
be released for creation of identified infrastructure and common facilities to
a State Implementing Agency (SIA) set up for the purpose," it added.
The purpose of the grant is to render the financial assistance for
establishment of common facilities in any upcoming bulk drug park promoted by
state governments/state corporations, it added.
Another scheme for which the guidelines for implementation have been
mooted is for assistance to medical device industry for setting up of common
facility centres. The Total Investment
& Insurance Solutions
"The scheme termed as development of common facility centre for
medical device (DCFCMD) is proposed as a central sector scheme," the
announcement said. The Total Investment
& Insurance Solutions
The total size of the scheme is proposed as Rs 100 crore for DCFC-MD for
2018-2020, it added. The Total
Investment & Insurance Solutions
Assistance under the scheme will be admissible for creation of common
facilities in medical device park and it will be implemented through a one-time
grant-in-aid, the note said.
The third scheme proposed is for the assistance for cluster development.
"The scheme termed as cluster development programme for pharma
sector (CDP-PS) as a central sector scheme and the total size of the scheme is
proposed as Rs 20 crore for CDP-PS for 2018-2020," the note added.
It would be implemented on a public private partnership (PPP) format
through one time grant-in-aid to be released in various phases for creation of
identified infrastructure and common facilities to special purpose vehicles
(SPVs) set up for the purpose, it added.
The Total Investment & Insurance Solutions
Besides, the DoP said the pharmaceutical promotion development scheme
(PPDS) will aim at promotion, development and export promotion in pharma sector
by extending financial support for conduct of seminars, conferences and
exhibitions, among other activities.
Under the scheme, mounting delegations for promotion of exports as well
as investments, conducting studies/ consultancies, for facilitating growth,
exports as well as critical issues affecting pharma sector will be supported.
It further said a budgetary allocation of Rs 144 crore for 2018-2020 has
been made for pharmaceutical technology upgradation assistance scheme (PTUAS).
It is possible to extend benefit of interest subvention to around 250
pharma SMEs under the scheme, it added.
The Total Investment & Insurance Solutions
The goal of this scheme is to facilitate
small and medium pharma enterprises (SMEs) of proven track record to World
Health Organisation (WHO)/Good Manufacturing Practices norms to enable them to
participate and compete in global markets and earn foreign exchange. The Total Investment & Insurance Solutions
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