The Uttar Pradesh government will develop central and western Uttar Pradesh as BPharma and medical device parks.
For this, the government will give a subsidy on interest to the company on the purchase of pharma park land. "Medical devices and medicines made in UP will be supplied to Germany, France, South Asia and the USA," said a statement released by the state government here on Sunday evening.
"About 74,000 children complete their pharma graduation in UP every year. In such a situation, UP can be easily developed as a medical hub. Some cities of central and western UP are more suitable for this as they are located near the expressway," Chief Minister Yogi Adityanath said.
"At present, UP’s growth state value addition (GSVN) in the field of medicine is less than one billion dollars and it needs to be increased to 2-3 billion dollars. To increase this, Gautam Buddha Nagar has been selected to develop the medical devices park," he added.
The chief minister said that land had been identified near Jewar airport in Gautam Buddha Nagar for the purpose.
The Yogi government will give interest subsidy of up to 50 per cent on the purchase of land to the giants of the medical industry for setting up pharma parks in UP and up to 60 per cent interest subsidy on the construction of basic facilities along with common facilities inside the pharma parks.