Department of Pharmaceuticals, Ministry of Chemicals and Fertilizers releases guidelines for the scheme “Strengthening of Pharmaceutical Industry (SPI)”

What is the News?

The Department of Pharmaceuticals, Ministry of Chemicals and Fertilizers has released the guidelines for the scheme “Strengthening of Pharmaceutical Industry (SPI)”.

What is the Scheme for Strengthening of Pharmaceutical Industry(SPI)?

Aim: To strengthen the existing infrastructure facilities in order to make India a global leader in the Pharma Sector. 

Components of the Scheme: The scheme has 3 components/sub-schemes:

Assistance to Pharmaceutical Industry for Common Facilities (APICF): It aims to strengthen the existing pharmaceutical clusters’ capacity for their sustained growth by creating common facilities. Financial assistance will be provided for creation of Common Facilities.

Pharmaceutical Technology Upgradation Assistance Scheme (PTUAS): It aims to facilitate Micro, Small and Medium Pharma Enterprises (MSMEs) with a proven track record to meet national and international regulatory standards. An interest subvention or capital subsidy on their capital loans will be provided to meet those standards.

Pharmaceutical & Medical Devices Promotion and Development Scheme (PMPDS): It aims to facilitate the growth and development of Pharmaceutical and Medical Devices Sectors through study/survey reports, awareness programs, creation of databases, and promotion of industry. 

Source: This post is based on the article “Department of Pharmaceuticals, Ministry of Chemicals and Fertilizers releases guidelines for the scheme Strengthening of Pharmaceutical Industry (SPI)” published in PIB on 11th Mar 2022.