Updated on March 06, 2025 05:28:50 PM
The Pharmaceutical Policy in Madhya Pradesh is designed to enhance and improve the pharma industry of the state. The Pharmaceutical Policy in Madhya Pradesh brings innovation, infrastructure development and Investment to foster a favorable environment for manufacturing and research. The Pharmaceutical Policy in Madhya Pradesh aims at enhancing competitiveness and production capacity of the pharmaceutical industries for the purpose of export of the health related products. The Pharmaceutical Policy in Madhya Pradesh has the objectives for establishment of Companies for operating special economic zones for pharma industries, promotion of skill development schemes and provision of incentives for expenditure incurred on research and development. The Pharmaceutical Policy in Madhya Pradesh is the move for making the state as a pharma city to build up and diversify the pharmaceuticals manufacturing industries in the country and for creation of employment.
The Pharmaceutical Policy in Madhya Pradesh is a state government plan to promote and develop the pharma sector in the state. The need to formulate the Pharmaceutical Policy in Madhya Pradesh is to further the general operating environment in the pharmacy manufacturing and research that state realized. The Pharmaceutical policy in Madhya Pradesh keeps important factors in their track such as quality, innovation and sustainability to deliver services nationally and internationally. If the government wants to further market the state as a hub for this business, then under the Pharmaceutical policy in Madhya Pradesh there should be a planned and active participation with several players including educational institutes and research bodies and others in the sphere of pharma business. The Pharmaceutical Policy in Madhya Pradesh initiative fosters new special development of realistic pharmaceutical zones, offers funds for the trade and supports skills of people to improve chances of the state in the pharmaceutical commercial segment.
The Pharmaceutical Policy in Madhya Pradesh offers several benefits to enhance the pharmaceutical sector and stimulate economic growth in the state, including:
The Pharmaceutical Policy in Madhya Pradesh provides 4 incentive programs to support the growth of the pharmaceutical sector, which are categorized as follows:
Interest Subsidy
| Subsidy Rate | Subsidy Amount | Limitations |
|---|---|---|
| 5% interest subsidy | NA | For 7 years on term loan taken for Plant & Machinery approved under Amended Technology Up-gradation Funds Scheme (ATUFs) |
Reimbursement of Training Expense
| Subsidy Rate | Subsidy Amount | Limitations |
|---|---|---|
| Skill development and training expenses reimbursement | Rs 13,000 per new employee | For 5 years; assistance provided only to employees domiciled in Madhya Pradesh |
Special Package Scheme for Pharma and Herbal Industries
| Subsidy Rate | Subsidy Amount |
|---|---|
| 50% of expenditure on technical services for obtaining GMP certification from Madhya Pradesh Food and Drug Administration | Rs 1 lakh |
Patent/Quality Promotion Subsidy
| Subsidy Rate | Subsidy Amount | Limitations |
|---|---|---|
| Cost reimbursement for patent/quality certification | a) Rs 2 lakhs for domestic patents | a) Only for domestic patents upon successful receipt |
| b) Rs 5 lakhs for international patents | b) Only for international patents upon successful receipt |
The following are additional details related to the Pharmaceutical Policy in Madhya Pradesh for the pharmaceutical sector within the state:
The Pharmaceutical Policy in Madhya Pradesh is a plan to transform the state into a new pharmaceutical hub and a research site within the country. The Pharmaceutical Policy in Madhya Pradesh focuses on enhancement of physical infrastructure, future motivational financial support, and encouragement to the culture for innovation in the pharmaceutical sector. The Pharmaceutical Policy in Madhya Pradesh to focus on pharmaceutical infrastructure and offer research and development facilities to hopefully compete with other pharmaceutical sectors nationally and internationally. The Pharmaceutical Policy in Madhya Pradesh stands in conformity with the desired goals for the entire pharma business in India with reference to quality, cost control and sustainability of the distribution chains. Thus, the Pharmaceutical Policy in Madhya Pradesh does more than assist in growing the economy’s Gross Domestic Product, which in return, Germinates job opportunities because the state holds a strategic position in the world pharmaceutical market.
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.
.svg)
The Pharmaceutical Policy in Madhya Pradesh aims at improving the investment climate in the pharmaceuticals, promoting research, reducing cost and employment related to manufacturing of pharmaceutical products.
The Pharmaceutical Policy in Madhya Pradesh is a formulated plan to enhance the position in the pharmaceutical sector in the state regarding infrastructure, innovation and investment.
The Pharmaceutical Policy in Madhya Pradesh aims to strengthen the pharmaceutical sector of the state by offering infrastructure development support, investment promotion, employment generation, export support as well as supporting skill development.
The Pharmaceutical Policy in Madhya Pradesh provides all forms of financial support and other incentives in the form of Interest Subsidy, Reimbursement of Training Expense, Special Package Scheme for Pharma and Herbal Industries and Patent/Quality Promotion Subsidy.
Speak Directly to our Expert Today
Reliable
Affordable
Assured
Call us on
+91 9821113117
[Mon - Sat, 10am - 7pm]
Write to us
8th Floor, Bhandari House - 91, 804,
Nehru Place, New Delhi 110019
Reliable
Affordable
Assurity
They've been very helpful in our registration with ICEGATE. It was a small thing with a small amount paid which somehow escalated to a very painful procedure. Never did they say "You've only paid so much. It's too much effort for us.".
Very pleased with their service. Prompt, professional and great communication. Definitely recommend. Special mention for Ms. Razia - she handled our case.
Professional Utilities is fully professional in their work, Rates are too low and genuine. Services and satisfaction are high so I highly recommended Professional Utilities.
They are one of the most genuine and reasonable people. I applied for lmpc certificate through them and they charged me a very nominal amount as compared to what other firms asked .
