Pharma Dept approves setting up of Bulk Drug Parks in Gujarat, Andhra Pradesh & HP

New Delhi, Sept 3 (KNN) The Department of Pharmaceuticals has granted in-principle approval for setting up of Bulk Drug Parks in Gujarat, Himachal Pradesh and Andhra Pradesh. 

The parks will be established under the scheme for 'Promotion of Bulk Drug Parks (BDPs)' to support the Bulk Drugs manufacturing in India.

The financial assistance to the proposed Bulk Drug Park (BDP) in Gujarat and Andhra Pradesh will be 70 per cent of the project cost of common infrastructure facilities.

For HP, being Hilly States, financial assistance will be 90 per cent of the project cost.

Maximum assistance under the scheme for one Bulk Drug Park is limited to Rs 1000 crore.  (KNN Bureau)