Government Allocates ₹3,000 Crore for Promotion of Bulk Drug Parks
The Indian government, through the Department of Pharmaceuticals, is implementing a scheme for the Promotion of Bulk Drug Parks with a budgetary outlay of ₹3,000 crore. Three parks in Andhra Pradesh, Gujarat, and Himachal Pradesh have been approved, but no proposal has been sanctioned for Tamil Nadu. These parks aim to provide critical infrastructure and fiscal incentives to reduce the cost of drug production and enhance India's pharmaceutical capabilities.
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