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Finance ministry soon to allocate Rs. 1,000 crore for setting up bulk drugs park at Baddi in Himachal Pradesh
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Laxmi Yadav, Mumbai
June 17 , 2020
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The Union finance ministry is actively considering to allocate Rs. 1,000 crore for development of 2,000-acre bulk drug park at Nalagarh area in Baddi, Himachal Pradesh.
Earlier Himachal Pradesh Chief Minister Jairam Thakur had submitted a complete proposal to develop 2,000-acre bulk drugs park in Nalagarh to Union minister of chemicals and fertilizers D V Sadananda Gowda and Union minister of state finance Anurag Thakur.
The state industries department identified 2,000 acres of government land at Dheerowal in Nalagarh for setting up the bulk drugs park.
In a bid to take concrete steps for allotment of a mega bulk drug park at a suitable location in Solan district where land is available, the Himachal Pradesh government last month had constituted a nine-member committee for effective preparation of a proposal and ensuring coordination between departments at the field level.
The park will have common facilities such as solvent recovery plant, distillation plant, power and steam units, common effluent treatment plant with zero liquid discharge, etc.
Establishment of this park will facilitate manufacturing of active pharmaceutical ingredients (APIs), drug intermediates. More than 68 per cent of them are imported from China. The park will reduce the manufacturing cost of drug units by 20 per cent and the manufacturers will require no marketing as they can sell the API in the state itself.
Himachal Pradesh has 700 drug formulation units consuming APIs ranging from Rs. 25,000 crore to Rs. 28,000 crore. Of them, 350 drug units are located in Baddi where the bulk drug park is set to come up. Around 40-50 drug companies located in Baddi have evinced interest in setting up units in the proposed bulk drug park.
The drug units in the bulk drug park will manufacture products with backward integration as per guidelines of department of pharmaceuticals (DoP).
The state has 15 US Food and Drug Administration-approved units and 180 units approved by the World Health Organisation. It contributes 7 to 8 per cent of the country’s pharma exports.
The drug units in six northern states—Punjab, Haryana, Jammu Kashmir, Delhi, Rajasthan and Uttarakhand will be benefitted from the bulk drug park.
Being power surplus state, Himachal has a major advantage and new industries will have to pay 10 per cent lower tariff.
Several states have stepped up efforts to get one of the three mega bulk drug parks announced by the Central government with a grant-in-aid of Rs. 1,000 crore each.
The Union cabinet on March 21, 2020 approved a scheme for promotion of bulk drug parks with a financial assistance of Rs. 3,000 crore for the next five years.
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