Crores of investment in Rajasthan's pharma, plastic sector on cards

Rajasthan is likely to see crores of rupees being invested in the pharmaceuticals and plastic sectors in the next couple of years, union Chemicals and Fertilizer Minister Ananth Kumar said here on Thursday.

Speaking at the Resurgent Rajasthan partnership summit, Ananth Kumar said: "National Institute of Pharmaceutical Education and Research (NIPER) would be set up in Jhalawar area of Rajasthan on which an investment of Rs.500 crore is likely to be made."

The international-level institute is likely to come up in next two years, he said.

NIPER is the first national-level institute in pharmaceutical sciences with a proclaimed objective of becoming a centre of excellence for advanced studies and research in pharmaceutical sciences. The central government has declared NIPER as an 'Institute of National Importance'.

He was speaking at the two-day Resurgent Rajasthan Partnership Summit that was inaugurated by union Finance Minister Arun Jaitley on Thursday.

Ananth Kumar also promised to set up a plastic park in Bhiwadi and a medical devices park in the state subject to the availability of land.