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10 pharma clusters in offing to make sector globally competitive

10 pharma clusters in offing to make sector globally competitive
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While announcing the initiative, Minister of Chemical and Fertilisers Ananth Kumar on Friday said, “Our pharma industry is not globally competitive, which is not good for the health of this sector. The industry-dedicated clusters will provide common facilities to the pharmaceutical industry and help them hive off upto 25 per cent of the cost, making them globally competitive.”

“We have finalised our strategy for setting up of the clusters. The Ministry has allocated an outlay of Rs 120 crore for each cluster. The money would be utilised for establishing latest research and development laboratories at clusters,” the Chemicals and Fertilisers Minister said while releasing the proceedings of the 12th national pharmaceuticals conclave organised by CII.

The clusters would see development and sharing of various infrastructure and resources and like water, power, affluent treatment facilities by the pharma companies in a particular region. “We are in the process of appointing a project management consultant who will help in creating a project report, like what are the common facilities they require,” the minister said, adding based on the project report, the government will fund the setting up of the common facility.
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