Govt to support a competitive pharma sector for SMEs
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2014-04-15

Govt to support a competitive pharma sector for SMEs

In a bid to strengthen the existing infrastructure facilities and to enable the Indian pharmaceutical industry to play a leading role in a competitive global market, India\\\'s Department of Pharmaceuticals has outlined a Cluster Development Program for the sector.

In a bid to strengthen the existing infrastructure facilities and to enable the Indian pharmaceutical industry to play a leading role in a competitive global market, India's Department of Pharmaceuticals has outlined a Cluster Development Program for the sector.

 

Aimed at enhancing the innovative capabilities of SMEs, and tackling quality and productivity issues, the government is looking to create world class quality manufacturing facilities with high levels of productivity and innovative capabilities.

 

Since these are very capital intensive operations, and cannot be established by SME drug manufacturing units on their own given their financial constraints, the government has decided to step in. Global technical expertise would also be part of the package, as would be investment and partnership strategies, as well as easy access to standard testing facilities.

 

An official from the Ministry of Chemicals and Fertilizers said: “Developing and strengthening partnerships is particularly important for both scientific units and SMEs. Most companies need to address the challenges of resources and expertise. They need to tackle business growth as well as profitability. The aim of the cluster is to provide supportive business and financing measures.''

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