Pb to set up Pharmaceutical Park

To harness the immense potential Punjab’s pharmaceutical has to its fullest extent, the State Government is exploring the idea of developing a Pharmaceutical Park to augment growth in this sector.

“The pharmaceutical sector has been identified as a priority sector in the State, boosted by the presence of prominent industry players such as Sunpharma, Nectar Life sciences, IOL Chemicals etc,” said Invest Punjab CEO Rajat Aggarwal during a stakeholder consultation session organized by Invest Punjab to reach out to the industry.

he added that the State also boasts the presence of world class research and development (R&D) and educational centers like NIPER, PGI, INST, ISB, IISER etc. “Punjab Government launched an Industrial Policy in 2017 which offers support and attractive fiscal incentives to potential investors,” he said.

The meeting aimed at identifying the roadmap for boosting pharma sector in Punjab in consultation with the industry.