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Pharma sector holds high hopes from the investors’ summit

Thursday, 19 OCTOBER 2023  | PNS | DEHRADUN

The state government is hoping that the proposed global investors’ summit will provide further impetus to the Pharmaceuticals sector in Uttarakhand. The State drug controller Tajber Singh said that the new industrial policy has created conducive environment in the State due to which investment in pharma sector has increased. He said that a total of 249 pharmaceutical companies are there in the State and they contribute 20 per cent of the total production of medicines of the country. Singh said that the department is endeavouring to ensure that quality medicines are manufactured in the State so that the state gets revenue and employment. He said a trade of Rs 15,000 crore was done by the pharma companies of the State in the year 2022 and medicines of Rs 1150 crore were exported. The state drug controller said that Uttarakhand is developing as pharma hub as the State has an amiable environment, resources and facilities. Singh said that with the efforts of the State government, a sub zone office of the central drugs standard control organisation has set up in Uttarakhand.  He claimed that the complexities in the process in the online licences of pharma companies have been removed and the process has been simplified. Singh added that all approvals are being given after joint inspection of state and central government to remove any discrepancies.

He added that the pharma sector has great hopes from the investors summit proposed in the month of December this year. Singh said that interested people can contact on department’s toll free number 18001804246 for any complaint or for seeking information.

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