Pharmaceutical and Bio-Technology
Pharma & Biotechnology industries qualifies as high priority as per the industrial policy of the state and enjoys maximum subsidies and benefits.
Pharma industry has a special consideration in the Bespoke policy where any investment above 15 crore INR will be eligible for a customized incentives tailored to their needs.
There are more than 10 colleges in the state offering prestigious degree in biotechnology, contributing to local subject expertise and skilled manpower.
Important Insights
State accounts for 17% of India’s total exports of herbs and medicinal plants. There are 312 species of commercially traded medicinal plants as per Foundation for Revitalization of Local Health Tradition (FRLHT).
Government will provide need-based Water, Effluent treatment plant & solid waste management under PPP model for investors in pharma & biotechnology sector
Chhattisgarh is endowed with about 22 varied forest sub-types and is home to more than 1525 varieties of medicinal plants with one of the richest biosphere in the country.
A processing, storage and marketing center of medicinal plants has been setup at ‘Purkhouti Muktangan’ in Raipur.