To attract Pharma sector investment, Haryana Chief Secretary Sanjeev Kaushal on Thursday said the State Government is providing various fiscal incentives through Pharmaceutical Policy, adding that the state is an ideal destination for new pharmaceutical businesses to flourish.

Speaking as the Chief Guest at the Pharma Tech Expo-2022 and Lab Tech Expo- 2022 here, the Chief Secretary said that Haryana is committed to provide a hassle-free business environment for the investors.  He said, “This expo aims to woo business opportunities for every participant. Such expos certainly give a golden opportunity to every participant to get first-hand knowledge about innovations, maximizing the potential for optimum unitization of equipment.”

 “During the COVID-19 Pandemic, the Pharma and Lab Sector did an outstanding job, highlighting ‘Every challenge is an opportunity. Also, despite many challenges, the Pharma sector in Haryana is flourishing at a rapid pace,” Kaushal added.

The Chief Secretary also lauded the Trade Fair Authority Haryana for organizing expos in Chandigarh as usually the expos are organized in Gurugram and Faridabad.

Earlier, Kaushal formally inaugurated the Pharma Tech Expo-2022 and Lab Tech Expo- 2022 commencing from Thursday till April 30 at Parade Ground, Sector 17, Chandigarh where more than 200 companies will be exhibiting their goods. Out of these 200 companies, over 40 companies are from Haryana.

In her address, Chief Administrator, Trade Fair Authority of Haryana, Dr G Anupama said that in Haryana favourable ecosystem is being provided to every investor for setting up medical devices and pharmaceutical devices industry.

“The State’s Pharma exports figures are around Rs.1500 crore in the year 2021. Besides this, Haryana is a leading state in terms of Ease of Doing Business. Pharma Tech Expo-2022 which is being organized under the banner of Trade Fair Authority of Haryana in collaboration with Engineering Export Promotion Council of India and Pharma Technology Index.com Pvt. Ltd. aims to bring together people from across the globe to one destination,” said Dr Anupama.