Updated on March 06, 2025 05:28:50 PM
The Pharmaceutical Policy in Kerala is implemented to revive and expand the present pharma business of the state. Pharmaceutical Policy in Kerala has introduced innovation infrastructure development and investment for manufacturing and research. The Pharmaceutical Policy in Kerala has been aimed at enhancing the competitive capacity and increasing new pharmaceutical production capacity for exporting the related health products. The Pharmaceutical Policy in Kerala has the objective for setting up of companies for operating special economic zones for pharma industries, skill development scheme for increasing capacity and expenditure incentive for research and development. The Pharmaceutical Policy in Kerala is the act for transformation of the state as a pharma city thus the expansion and diversification of the manufacturing of pharmaceuticals industries in the country including creation of employment.
The Pharmaceutical Policy in Kerala is a state plan aimed at planning and development of the pharmaceutical sector in Kerala. For developing the Pharmaceutical Policy in Kerala is to take the general operating environment in the pharmacy manufacturing and research that state to the next level. Pharmaceutical Policy in Kerala boosts quality, innovation and sustainability by which they can serve the people nationally and internationally. If the government goes further in marketing this state as a business place of this business then under the Pharmaceutical Policy in Kerala there should be planned and active affiliation with some players like educational institutes, research bodies and other related players of the pharma business. The Pharmaceutical Policy in Kerala proposed new specific development of genuine pharmaceutical facilities apart from procurable funds for the pharmaceutical trade and upgraded skills of the people to open up opportunities of the state in the sphere of pharmaceutical business commerce.
The Pharmaceutical Policy in Kerala offers several benefits to enhance the pharmaceutical sector and stimulate economic growth in the state, including:
The Pharmaceutical Policy in Kerala provides 8 incentive programs to support the growth of the pharmaceutical sector, which are categorized as follows:
Medical Equipment - One-time Reimbursement
| Subsidy Rate | Subsidy Amount | Limitations |
|---|---|---|
| 50% of the cost incurred for obtaining compliance certifications for medical devices manufactured in the State under domestic and international regulations | Rs 25 Lakh | Max. Rs 25 Lakh |
Financial Assistance
| Subsidy Rate | Subsidy Amount | Limitations |
|---|---|---|
| Up to 50% of the cost | Maximum Rs 10 Lakh | Only to institutions in the State for setting up 3D Printing Labs to address the shortage of skilled human resources in this sector |
Low Interest Loans
| Subsidy Rate | Subsidy Amount | Limitations |
|---|---|---|
| Loan at 4% interest (via interest subvention up to 6%) | Max. Rs 10 Lakh | Only for MSME |
Capital Subsidy Incentive
| Subsidy Rate | Subsidy Amount | Limitations |
|---|---|---|
| a) Micro – up to 45% | a) Max. Rs 40 Lakh | Only for MSME |
| b) Small – up to 45% | b) Max. Rs 100 Lakh | |
| c) Medium – up to 45% | c) Max. Rs 200 Lakh |
Access to Finance through IPO Route
| Subsidy Rate | Subsidy Amount | Limitations |
|---|---|---|
| Reimbursement of 50% expenses | Max. Rs 1 Cr | Only for MSME |
Investment Subsidy
| Subsidy Rate | Subsidy Amount | Limitations |
|---|---|---|
| Investment subsidy of 10% on fixed capital investment | Max. Rs 10 Cr., in phases | Only for large and mega industry |
| b) Small – up to 45% | b) Max. Rs 100 Lakh | |
| c) Medium – up to 45% | c) Max. Rs 200 Lakh |
SGST Reimbursement
| Subsidy Rate | Subsidy Amount | Limitations |
|---|---|---|
| 100% reimbursement on capital investment | NA | Only for large and mega for 5 years |
Intellectual Property Creation
| Subsidy Rate | Subsidy Amount | Limitations |
|---|---|---|
| Reimbursement of 50% of expenditure incurred | Max. Rs 30 Lakh | For patent, copyright, trademarks, GI registration, etc. |
The following are additional details related to the Pharmaceutical Policy in Kerala for the pharmaceutical sector within the state:
The Pharmaceutical Policy in Kerala is a measure toward making the state an ideal production and research ground in the country. The Pharmaceutical Policy in Kerala enhances the physical structure, ensuring motivational financial expectations for the future, nurturing innovative culture in the pharmaceutical industries. The Pharmaceutical Policy of Kerala is focused on the pharmaceutical segment and offers R & D amenities to promote competition nationally and internationally. Therefore, the Pharmaceutical Policy in Kerala is well in sync with all the set objectives for the overall pharma business in India regarding quality, the actual cost and learning continuity of the distribution chain. Thus, the Pharmaceutical Policy, in return augments the economy’s ‘Gross Domestic Product’ in Kerala, and the supplanted job generation is due to the centrality of state in global pharmaceutical hubs.
At Professional Utilities, we leverage our industry knowledge and expertise to help businesses navigate complex regulations, minimize risks, and optimize operations for maximum efficiency and profitability.
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The Pharmaceutical Policy in Kerala is an approved framework for addressing positions in the overall pharmaceutical sector, within the state specifically for infrastructure, innovation and investment.
The Pharmaceutical Policy in Kerala builds up infrastructure of the pharmaceutical sector in the state and to encourage investment, employment, export support and skill development.
The Pharmaceutical Policy in Kerala provides financial assistance and incentive through programs like Medical Equipment - One-time Reimbursement, Financial Assistance, Low Interest Loans, Capital Subsidy Incentive, Access to Finance through IPO Route, Investment Subsidy, SGST Reimbursement and Intellectual Property Creation.
The Pharmaceutical Policy in Kerala has the goals and policy intention of promoting manufacturing investment in the pharmaceutical segment, research in the field, reducing costs of employment and overall costs.
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