Benefits of the Bulk Park Scheme
- The bulk drug parks that will be created under this plan will offer shared infrastructure facilities in one location, resulting in the development of a robust ecosystem for bulk drug production in the nation and a significant decrease in manufacturing costs.
- By encouraging domestic production of large quantities of medications and facilitating easy access to infrastructure and standard testing to lessen reliance on imports, the scheme is anticipated to establish a foothold in the international market.
- The plan will assist the industry in meeting environmental criteria at a low cost through creative approaches to the common waste management system, and it will enable it to profit from resource optimization and economies of scale.
Bulk Drug Park Scheme
The essential component of a drug or treatment that gives it the desired therapeutic effect or causes it to exhibit the specified pharmacological activity is known as a bulk drug, also known as an active pharmaceutical ingredient (API). When combined with binders to create finished pharmaceutical goods like Paracetamol tablets and capsules, it works as an analgesic. The area known as Bulk Drug Park has shared infrastructure resources for the sole purpose of manufacturing APIs, DIs, or KSM. There will be a shared waste management system at Bulk Drug Park. The Government of India approved the “Promotion of Bulk Drug Parks” Scheme on March 20, 2020, with the goal of significantly reducing the cost of manufacturing bulk drugs and thereby increasing the competitiveness of the domestic bulk drug industry by facilitating easy access to standard testing & infrastructure facilities.
13 states submitted plans for the building of bulk drug parks as part of this plan. Gujarat, Himachal Pradesh, and Andhra Pradesh have been chosen among them. According to a central government plan to establish three such parks around the nation that was revealed earlier this year, Himachal Pradesh is one of the states competing for the allocation of a bulk drug park. Himachal provides water and electricity at the nation’s lowest rates, and the state also has an industrial gas pipeline. It climbed nine spots in this year’s rankings for business-friendliness, which were released by the Center last month, to claim seventh place nationwide.