ENA State 2025-04-28 16:56:25 <p><span style="font-size:14px"><strong>Ahmedabad, Apr 28 (KNN) </strong>Gujarat has reinforced its status as India's pharmaceutical leader by approving 183 new allopathic drug manufacturing facilities in the fiscal year 2024 25, the highest number since the COVID-19 pandemic. </span></p> <p><span style="font-size:14px">This surge brings the total number of new allopathic drug plants approved since March 2019 to over 800, underscoring the state's pivotal role in the nation's pharmaceutical landscape. </span></p> <p><span style="font-size:14px">H.G. Koshia, Commissioner of the Gujarat Food and Drug Control Administration (FDCA), highlighted that these new plants are poised to become operational soon, further bolstering Gujarat's dominance in the sector. </span></p> <p><span style="font-size:14px">The average investment per plant is estimated at Rs 50 crore, with some companies investing significantly more, leading to a projected total investment of approximately Rs 12,000 crore for the fiscal year. </span></p> <p><span style="font-size:14px">Industry experts attribute this growth to Gujarat's mature pharmaceutical ecosystem, which includes robust infrastructure, skilled workforce, and favourable policies. </span></p> <p><span style="font-size:14px">Additionally, many pharmaceutical units from northern India are relocating to Gujarat, drawn by its conducive business environment. </span></p> <p><span style="font-size:14px">Gujarat's pharmaceutical industry already contributes 30% of India's pharmaceutical production and 28% of its total pharma exports. The state houses over 4,000 manufacturing units, providing employment to about 50,000 individuals. </span></p> <p><span style="font-size:14px">It also accounts for 53% of India's medical devices manufacturing and 78% of the country's cardiac stents manufacturing. </span></p> <p><span style="font-size:14px">The state's commitment to fostering pharmaceutical growth is evident through initiatives like the Vibrant Gujarat Global Investor Summit, which aims to attract further investments and solidify Gujarat's position as a global pharmaceutical hub. </span></p> <p><span style="font-size:14px">With these developments, Gujarat continues to pave the way for India's pharmaceutical advancements, reinforcing its moniker as the Pharmacy of the Nation. </span></p> <p><em><strong><span style="font-size:14px">(KNN Bureau)</span></strong></em></p> 41896 https://knnindia.co.in/news/newsdetails/state/183-new-pharma-units-set-up-in-gujarat-with-investment-of-rs-12000-crore-in-2024-25 2025-04-28 16:56:25 knnindia.co.in