Govt plans cluster development programme for pharma sector

Image
Press Trust of India New Delhi
Last Updated : Mar 10 2015 | 3:42 PM IST
The government plans to implement Cluster Development Programme for pharma sector with an outlay of Rs 125 crore in the ongoing five year plan under public private partnership, Parliament was informed today.
"The Cluster Development Programme for Pharma Sector (CDP-PS) is a Central Sector Scheme. The total size of the scheme is proposed at Rs 125 crore for CDP-PS for the 12th five year plan," Minister of Chemicals and Fertilisers Ananth Kumar said in a reply to Lok Sabha.
The Minister was replying to a query on whether there was any plan to start cluster development programme for pharma sector to enhance quality, productivity and innovative capabilities.
Kumar said the scheme would be implemented on a Public Private Partnership (PPP) format through one time grant-in-aid to be released in various phases for creation of identified infrastructure and common facilities in the form of common facilities centres (CFC) to special purpose vehicles (SPVs) set up for the purpose.
"Assistance under the scheme will be Rs 20 crore per cluster or 70 per cent of the cost of the project, whichever is less, for creation of common facilities," he said.
Some of the indicative activities under the common facilities are common testing facilities, training centre, effluent treatment plant, R&D centres and common logistics centre.
The department is in the process of appointing project management consultant for implementing the CDP-PS, he added.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Mar 10 2015 | 3:42 PM IST

Next Story