Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
Government 2015-03-21

Government plans 10 pharma clusters with an outlay of Rs 120 crore

The Pharma clusters would see development and sharing of various infrastructure and resources like water, power and affluent treatment facilities by companies.

Government plans 10 pharma clusters with an outlay of Rs 120 crore

The Union Government has planned to establish 10 pharma clusters across India in next one year, at an outlay of Rs 120 crore to make the sector globally competitive.

Elaborating on the same, Ananth Kumar, Union Chemicals and Fertilisers Minister said, "Already we are thinking of pharma clusters in different parts of the country with common facilities. We have already finalised our strategy for that.” He further said, "In the coming days we are going to have not less than 10 pharma clusters across the country with common facilities with an outlay of Rs 120 crore."

Interesting, the clusters would see development and sharing of various infrastructure and resources like water, power and 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," noted Kumar, adding based on the project report, the government will fund the setting up of the common facility.

He also shared, "Wherever there is a cluster, companies will have to come out with a special purpose vehicle with the proactive support of the state government."

Talking about the benefits of the scheme on the sidelines of CII event, Kumar said, "Common facility will make them competitive...in pharma clusters they can reduce 25-30 per cent of their manufacturing cost, thus making them globally competitive."

Comment
image
image
image
image
Related opportunities
  • CAD/CAM/CAE & Multimedia
    About Us : Frameboxx Animation & Visual Effects offers skill-based curricula..
    Locations looking for expansion Maharashtra
    Establishment year 2008
    Franchising Launch Date 2008
    Investment size Rs. 20lac - 30lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Ice creams & Yogurt Parlors
    About Us: Nirula's is India's oldest fast food restaurant chain. Based..
    Locations looking for expansion Delhi
    Establishment year 1950
    Franchising Launch Date 2017
    Investment size Rs. 20lac - 30lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Gyms and Fitness Centres
    About Us: An F2O Future of Fitness workout is equivalent to..
    Locations looking for expansion Gujarat
    Establishment year 2018
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 650
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ahmedabad Gujarat
  • Quick Service Restaurants
    About Us: Virgo Hospitality Established in year 2016 with an outlet at..
    Locations looking for expansion Delhi
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 50 K - 2lac
    Space required 80
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities
More Stories

Free Advice - Ask Our Experts