Pharmaceutical and Bio-Technology
Pharma & Biotechnology industries qualifies as Thrust Sector as per the industrial development policy of the state and enjoys maximum subsidies and benefits.
Pharma industry has a special consideration in the industrial development policy where any investment above 1000 crore INR will be eligible for a customized incentives tailored to their needs.
There are many colleges in the state offering prestigious degree in biotechnology, contributing to local subject expertise and skilled manpower.
Important Insights
Presence of over 100 Engineering units in the region
Huge potential for expanding capacity and product portfolio – Availability of industries involved in the production of medical equipment, disposable products, formulation, display screens, PCBs, among others.
Availability of Metal Raw materials such as steel, aluminium for medical devices essential for medical device manufacturing.
Policy Incentives: (for Investments > INR 50 Cr in P&M)
- Fixed Capital Investment Subsidy – 35% up to INR 300 Crores
(* Provision of Employment Multiplier applied based on employment of State domiciles, an additional FCI subsidy is provided.)
- Interest Subsidy of 50% of actual interest up to Rs. 20 crores per year for 5 years
Policy Incentives: (for Investments > INR 50 Cr in P&M)
- Salary Support – 20% of net salary for 5 years
- Clinical Trials Subsidy: 50% up to 1 crore per trial, limited to 5 trials
- Bespoke Incentives for investments over Rs 1,000 Cr or 1,000+ jobs
- First 5 units investing Rs 200 Cr+ get special incentives