• UGI USER
  • Mar 07, 2024
  • 26 Likes
  • 0 Comments

A PHARMA POWERHOUSE GUJARAT FOR 35 PER CENT OF INDIA’S PHARMA OUTPUT

Why in the news?

“Gujarat emerges as India’s leading pharmaceutical manufacturing hub, contributing over 35% to the country’s market share.”

About Lion’s Share of Pharma Market:

  • Gujarat’s pharma industry commands over 35% of India’s market, valued at Rs. 1.42 lakh crore in FY 2022-23.
  • The state contributes 28% to India’s pharma exports, totaling Rs. 2.05 lakh crore, meeting international pharmaceutical demands.
  • Gujarat’s pharmaceutical prowess extends to specialized medical equipment, manufacturing 78% of India’s cardiac stents and hosting 40% of CROs and medical device manufacturers.
source:indiamart
What are Good Manufacturing practices (GMP)?

Quality management and regulatory guidelines.

●    Ensure consistent production of safe, high-quality products.

●    Applied in pharmaceuticals, food, beverages, cosmetics.

●    Minimise risks from errors, contamination during manufacturing.

About Government initiatives for pharmaceutical production:

  • PLI Scheme: Encourages domestic pharmaceutical production through financial incentives for eligible manufacturers.
  • Bulk Drug Parks: Facilitates the establishment of specialized zones for bulk drug manufacturing.
  • Supports infrastructure development and technology upgrades to enhance pharmaceutical manufacturing capabilities.