Bharuch: Prime Minister Narendrabhai Modi may visit Bharuch in Central Gujarat on October 10 to perform ground breaking for India’s first Bulk Drugs Park which is going to come up at a cost of Rs. 2300 crore. Bulk Drug Parks aim to bring down the cost of manufacturing bulk drugs by creating world-class common infrastructure facilities. The project is likely to be ready in less than two years. Gujarat contributes to about 28% of the country’s pharma exports of USD 25 billion and 30-31% of the domestic market that is pegged at another USD 25 billion.

The bulk drugs park is being set up by the Gujarat government under the guidelines of the scheme “Promotion of Bulk Drug Parks” issued by the Department of Pharmaceuticals, Ministry of Chemicals and Fertilizers, government of India on July 27, 2020, to promote bulk drugs, active pharmaceutical ingredients and critical pharmaceutical ingredients manufacturing. The Centre has given in-principle approval to the state government’s proposal to set up bulk drug parks with a financial grant-in-aid of ₹1,000 crore. GIDC, a wholly owned corporation of the Gujarat government, has been designated as the State Implementing Agency (SIA) for developing the upcoming park at Jambusar in Bharuch district.