Telangana to unveil new Pharma policy
Last Updated: 04-Mar-2015
Telangana government is ready to unveil a draft new policy on Pharma and Bulk Drug Sector. The state government has acquired 11,000 acres of land at Mucherla at the outskirts of Hyderabad . (roughly 70 kms away ) They are in the process of preparing a detailed project report (DPR) in coordination with the pharma industry and the pollution control board so that every ingredient required for the industry and environment safety is incorporated. With the ?Make in India policy? of the government, the industry is expecting sops like tax breaks, weighted tax deduction at 150 per cent for R&D expenditure and availability of affordable land for the industry. Already, Hyderabad has a strong base for bulk drug industries in India contributing one third of country?s bulk drug production. Taking this further to the next level, the Telangana state government has planned the Hyderabad Pharma city and attracting new investors in the bulk drug and formulations segment.