To give more impetus to the medical industry in the State, Punjab Government will set up three pharma or medical parks in the State soon, proposals for two of which have already been submitted to the Central Government.
“A Bulk Drug Pharma Park, in an area of 1300 acre, involving project cost of about Rs 1,800 crore has been proposed at Bathinda under the central scheme and project has been submitted to the Government of India for approval in October,” said the state Industries Minister Sunder Sham Arora on Tuesday.
Besides, a Medical Devices Park in an area of 210 acre involving project cost of about Rs 180 crore has been proposed at Rajpura under the Centre’s scheme and proposal was submitted to the Government of India for approval in October, he said.
Third project, a green field project, with the aim of giving an impetus to emerging needs of Pharma sector in the region will be set up in an area of 130.32 acres in Wazirabad village of Fatehgarh Sahib district, said the Minister.
Arora said that the Wazirabad Pharma Park is in the advanced stage of development by Punjab State Industrial and Export Corporation (PSIEC) with layout being finalized and the proposal for funding already submitted under Trade Infrastructure for Export (TIE) scheme of the Union Ministry of Commerce and Industry.