Himachal Chief Minister Jai Ram Thakur on Thursday invited the pharmaceutical giants to partner in development of the state by investing in it.

“Availability of water and power at lowest tariffs in India and presence of industrial gas pipe line makes Himachal Pradesh in general and the proposed Bulk Drug Park in Una district, a favourite place for investment in the pharma sector.

Apart from this, clean and green hydro power and better air, rail and road connectivity gives added advantages to the proposed Bulk Drug Park site in Una,” the Chief Minister said while presiding over the webinar with pharma industries on ‘Bulk Drug Park’ from Shimla.

The Central Government is making all out efforts to make ‘Atmanirbhar Bharat’ and setting up of three ‘Bulk Drug Park’ in the country is a step in this direction.

 Himachal Government has also sent a proposal for setting up of a ‘Bulk Drug Park’ in Una which would go a long way in giving a fillip for pharma activities, he said.

Elaborating, he said that Rs 1000 crore subsidy would be provided for setting up of this Bulk Drug Park. 

This would not only strengthen the economy of the State but also provide ample employment opportunities to the youth.

About 1400 acre land had been identified and designated for the proposed park, he added. Thakur assured the captains of the pharma industries that all their suggestions would be considered sympathetically. 

He further said that Himachal Pradesh has been  ranked seventh best state in the country in  ease of doing business and third in the country and first among northern states on human development index. The state has Asia’s largest pharma hub manufacturing, which is 49 percent of India’s drug formulations, he added.

Thakur said that the Government is providing several incentives to entrepreneurs which include single window clearance system and online approval with integration of 37 services of 11 line departments. Dedicated nodal officers for projects above Rs 50 crore investment are ensuring time bound approval to industrial units.

Earlier, Additional Chief Secretary Industries Ram Subhag Singh gave a presentation regarding incentives being provided to entrepreneurs by the State Government.