ENA MSME 2023-03-14 15:42:10 <p><span style="font-size:14px"><strong>New Delhi, Mar 14 (KNN) </strong>The government has approved support for a total of 8 MSME projects under the Assistance to Pharmaceutical Industry for Common Facilities (API-CF) sub-scheme, as on date, informed the Minister of State for MSME, Bhanu Pratap Singh Verma in a written reply to the Rajya Sabha on Monday.</span></p> <p><span style="font-size:14px"><strong><a href="https://bit.ly/3B9mZSj"><img alt="FOLLOW US on GOOGLE NEWS" src="https://knnindia.co.in//uploads/gallery/GoogleNews.jpg" style="border-style:solid; border-width:1px; height:95px; margin:1px; width:299px" /></a></strong></span></p> <p><span style="font-size:14px">The total amount invested in three projects to strengthen the existing pharmaceutical MSME clusters for their sustained growth by creating common facilities is approximately Rs 54.73 crore.</span></p> <p><span style="font-size:14px">The Department of Pharmaceuticals, is implementing the scheme of Strengthening of Pharmaceutical Industry (SPI), with a financial outlay of Rs 500 crore and tenure from FY 2021-2022 to FY 2025-26.</span></p> <p><span style="font-size:14px">The three projects are Chennai Pharma Industrial Infrastructure Upgradation Company (CPIIUC), Inducare Pharmaceuticals and Research Foundation (IPRF) and Kala Amb Infrastructure Development Company (KIDC).</span></p> <p><span style="font-size:14px">The Minister further informed that two new projects of MSME Pharma clusters have been approved under API-CF from Telengana, out of which one project has been accorded final approval and one project has been accorded in-principle approval.</span></p> <p><span style="font-size:14px">There is no plan to increase the financial assistance limit of Rs 20 crore under the sub-scheme API-CF of Department of Pharmaceuticals, Ministry of Chemicals &amp; Fertilizers, he said.</span></p> <p><span style="font-size:14px">However, Ministry of MSME is implementing MSE-CDP under which, the upper limit of project cost for considering GoI grant for setting up of CFCs has been enhanced from Rs 20 crore to Rs 30 crore in the New Guidelines of the scheme.</span></p> <p><span style="font-size:14px">The upper limit of project cost of Rs 30 crore is applicable for pharma clusters also. The scheme is a demand driven Central Sector Scheme and State Governments can send proposals as per the new scheme guidelines. <em><strong>(KNN Bureau)</strong></em></span></p> 32625 https://knnindia.co.in/news/newsdetails/msme/govt-shortlists-8-msme-pharma-projects-under-api-cf-sub-scheme 2023-03-14 15:42:10 knnindia.co.in