Gujarat: Boost for bulk drugs, medical devices as two dedicated parks approved - (The Economic Times via NewsPoints Desk)

  • The Indian government has cleared the way for setting up dedicated parks for bulk drugs and medical devices in the state of Gujarat, reported The Economic Times.

  • Although a leader in the production of drug formulations, Gujarat is "far behind" states like Andhra Pradesh and Telangana in bulk drugs manufacturing, according to the news source.

  • "There is a buzz in the market that the central government is planning to streamline procedure for obtaining environment clearance by API (active pharmaceutical ingredients) units," said Viranchi Shah, chairman of the Gujarat state board of the Indian Drug Manufacturers' Association. 

  • Shah stated that "in this backdrop, approval to the bulk drugs park will further provide impetus to API production in the state," adding the move "will also help reduce our dependence on Chinese imports."

  • Data from the Directorate General of Commercial Intelligence and Statistics reveals that China accounted for 68% of India's total bulk drugs and intermediates imports worth Rs 25,552 crore in 2018-2019. 

  • Overall, India's dependence on imports has gone up by 23% from 2016-2017 to 2018-2019, the news source added.

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