First Mega Pharma Park to be established in Karnal

The Haryana government is going to establish a pharma park over 100 acres of land in Karnal.

Facts :

• Speaking at an event 'Stakeholder Consultation for Formulation of Pharma Policy, Haryana’, the state's Industries and Commerce Minister Vipul Goel said that Haryana Pharmaceutical Policy 2018 is being framed to facilitate pharmaceutical companies in the state.
• Representatives of various pharmaceutical companies of Haryana, Chandigarh, Uttar Pradesh, Himachal Pradesh, Uttarakhand and other states attended the meeting organised by the Haryana Industries and Commerce Department.
• All stakeholders appreciated the policy being framed by the State Government and added that for the first time in the history of Haryana, Pharmaceutical Policy is being framed.
• Urging all stakeholders to invest in the pharmaceutical sector in Haryana, Mr. Goel said that the Pharma Park would be established over 100 acres in Haryana and special concessions and rebates would be given to those setting up their companies in the pharmaceutical sector in Haryana.
• Investment of about Rs 3,000 crore is expected to be made in this pharma park which would provide employment to about 33,000 persons.
• The aim of the State Government to frame Haryana Pharmaceutical Policy 2018 is to simplify the working of pharma companies and provide maximum employment to youth in the state.

Analysis :

• During last four years, the State Government has taken various reformative and progressive measures in the Industries and Commerce Department.
• Haryana is a leading state in terms of ensuring industrial development, developing industrial eco-system and providing facilities to the investors.
• In 2015, when the Government of India had launched ranking for ease of doing business, Haryana was at 14th position.
• As a result of the measures taken by the State Government, now the State has reached at third position in terms of Ease of Doing Business, and a target has been set to soon bag the first position.
   

By: Harman Sandhu