Govt working to select locations for bulk drug, medical device parks

Union Cabinet on March 12 had approved scheme for development of three bulk drug and four medical device parks

The government on Monday said it is finalising guidelines for selection of locations of upcoming bulk drug and medical device parks in the country.

"Department of Pharmaceuticals is finalising guidelines, which will form the basis for objectively selecting locations of upcoming three bulk drugs parks and four medical devices parks in the country,"Minister of Chemicals & Fertilisers DV Sadananda Gowda said.

Union Cabinet on March 12, 2020 had approved scheme for development of three bulk drug and four medical device parks, in which the government will extend grants-in-aid to states with a maximum limit of Rs 1,000 crore per bulk drug park