Home  >  TopNews
TopNews
+ Font Resize -

Gujarat govt in talks with Centre to come out with policy on bulk drugs & medical devices

Shardul Nautiyal, Mumbai
Friday, July 14, 2017, 08:00 Hrs  [IST]

Gujarat Government is in talks with the Central Government to come out with the much awaited policy on bulk drugs and medical devices following Union chemicals and fertilizers minister Ananth Kumar announcement in the past to set up bulk drug parks and medical devices parks in the country.

The government of Gujarat identified a plot of land for medical device park and constituted a high level committee to deliberate the process of finalizing the proceedings for its setting up. The committee is also responsible to discuss policy measures essential to galvanize and make these parks financially viable.

The Centre has been mulling for quite some time now for setting up the medical devices park in Gujarat. A medical device park is also very much relevant for Gujarat as the state has the largest number of 135 licensed medical device companies as against 240 in the entire country.

The park is stipulated to have common manufacturing facilities and will reduce capital expenditure for projects by offering low cost rentals and revenue support services, thus enabling these units to be competitive. The park will enable the companies with all the latest technological support required for R&D. It is expected to produce high tech devices like x-ray machines, magnetic resonance imaging (MRIs) and other such equipment along with consumables, disposables, electronics, equipment, implants, diagnostic reagents and surgical instruments for the medical sector.

This becomes all the more relevant as Gujarat government has signed 250 MoUs related to pharmaceutical industry with potential domestic and international investors at the Vibrant Gujarat Global Summit (VGGS) - 2017 at Gandhinagar between January 10 and January 13, 2017. Four MoUs are from overseas. It had inked 201 such pharma MoUs at VGGS- 2015.

These MoUs come at a time when Gujarat has become a favoured pharmaceutical hub accounting for nearly 40 per cent of India’s pharma production and 28 per cent of pharma exports. It has also registered a growth of 445 per cent in pharma exports in the past one decade. According to official sources, exports worth 3,060 million US Dollars has been achieved in 2016 from Gujarat in comparison to exports worth 562 million US Dollars in 2006.

Gujarat today has 255 WHO certified manufacturing units with 23 MHRA certified, 24 TGA certified, 15 EU certified and 16 PICS certified units. Besides this, it boasts of 158 formulation units and 97 bulk drug units. It has 40 per cent of CROs and 40 per cent of CRAMS companies.

Over 3300 manufacturing units are located across the state in four large clusters with 5 Special Economic Zones in an area of over 1500 hectares, as per government of Gujarat data released as part of the 8th Vibrant Gujarat Global Summit (VGGS) – 2017.

Last year, the Andhra Pradesh government had laid the foundation stone for India’s first medical devices park Andhra MedMedTech Zone (AMTZ) in Visakhapatanam.

 

Post Your commentsPOST YOUR COMMENT
Comments
* Name :     
* Email :   
  Website :  
   
     
 
PITS_2017
Pre-Connect Congress 2017
acssymposium
PHARMACONNECT_2018
 
 
 
 
Copyright © 2016 Saffron Media Pvt. Ltd |