Uttar Pradesh Pharmaceutical Industry Policy, 2021 | 30 Oct 2021

Recently, official sources of the state government said that the state government is going to bring a new pharmaceutical policy soon. In this context, draft formulation of Uttar Pradesh Pharmaceutical Industry Policy, 2021 has been started.

Medicines and medical equipment worth about 40 thousand crore rupees are purchased every year in Uttar Pradesh. In such a situation, a new pharmaceutical policy is being formulated to reduce the dependence on imports from other states and China for medical supplies and to make Uttar Pradesh a pharmaceutical manufacturing hub.
Earlier in the year 2018, the pharmaceutical industry policy was brought by the Government of Uttar Pradesh, the main provisions of which are as follows-
- For the technical guidance of pharma companies, the Uttar Pradesh Pharmaceutical Development Cell has been established in the policy for the development of the pharma industry.
- Facility of single window clearance system for pharma sector Various types of financial assistance, such as exemption from electricity duty, free registry of land, 50 percent interest subsidy for loans.
- Intellectual Property Rights Promotion in the Pharma Sector.
North India's largest medical device park is proposed in Sector-28 of Yamuna Expressway Development Authority.