SPVs to develop cluster development programme for pharma sector likely in 2016

Projects and Development India Ltd (PDIL), a public sector mini ratna under the Ministry of Chemicals & Fertilisers has been assigned as the project management consultant to prepare a proposal by 2016 to form Special Purpose Vehicles (SPV) for cluster development programme of the pharma sector. A detailed project report for developing the clusters through the public private partnership mode will be prepared shortly.

 

June 17, 2015: "We already have 14-15 such clusters in the country. But we need some greenfield ones too. By the end of this fiscal, we should have six pharma parks on a pilot basis", stated Mr Ananth Kumar, Minister for Chemicals and Fertilisers. Amongst the six, three would be greenfield and three brownfield. Mr Kumar also added that Finance Ministry would be asked to enhance the budget of the Central Scheme to Rs 1000 crore so that it can be rolled out on a pan India level. Currently, the scheme for upgrading existing clusters and setting up new ones had a budget of Rs 125 crore.

 

Common facilities such as testing labs, effluent treatment, training centres will be provided to pharma companies in the cluster as part of the scheme. This is expected to benefit 10,000 pharma units in the small and medium sector (SMEs). "So far, the Indian pharma sector, which is a major exporter to over 200 countries, had come up entirely on its own, thanks to private sector initiatives. This was the first time that a project based scheme was being formally launched after the Jan Aushadhi scheme six years ago", stated Mr VK Subburaju, Secretary, Pharmaceuticals.

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