‘State Govt to devise comprehensive pharma policy’

 

 

Chief Minister Dr Mohan Yadav said that Madhya Pradesh has developed an excellent ecosystem for industries such as chemical, pharmaceutical, petrochemical, and plastics. Dr Yadav highlighted that Prime Minister Narendra Modi laid the foundation stone for Bharat Petroleum’s petrochemical project in Bina, valued at over Rs 50,000 crore, and work on the project has already commenced. Additionally, GAIL India’s Rs 35,000 crore mega petrochemical project is progressing rapidly and is expected to generate direct and indirect employment for 25,000 people. The State is home to leading private and public sector companies in the chemical and petrochemical industries, and 275 pharmaceutical units, which export medicines to more than 160 countries.

 

Madhya Pradesh ranks fourth in the nation in pharmaceutical exports, with Rs 11,889 crore worth of pharma products exported in 2023-24. To attract further investment and boost growth in this sector, the state government is preparing an attractive pharma policy. Dr Yadav emphasised that Madhya Pradesh is a future-ready state, and the government’s efforts in the chemical and fertiliser sectors will pave the way for a new era of development. CM Dr Yadav was addressing the 13th edition of India Chem-2024 in Mumbai on Friday. Chief Minister Dr. Yadav along with Union Minister of Health and Family Welfare and Chemicals and Fertilisers Jagat Prakash Nadda inaugurated the 13th biennial conference of ‘India Chem-2024 Advantage India: Indian Chemicals and Petrochemicals Paving the Future’ by lighting the lamp. On this occasion, Union Minister of State for Health & Family Welfare and Chemicals-Fertilisers Anupriya Patel, Chief Minister of Gujarat Bhupendra Rajnikant Patel, Chief Minister of Odisha, Mohan Charan Manjhi along with officials of FICCI and representatives of various industry groups were present.

 

Chief Minister Dr Yadav attended the release of the ‘Knowledge Paper’ prepared by FICCI and Ernst & Young on the topic Catalysing India on Chemical and Petrochemical Strategies for Global Integration and Growth. Chief Minister Dr. Yadav said that the country is continuously moving forward on the path of progress under the leadership of Prime Minister Narendra Modi. India has moved from the world’s 11th economy to the fifth position. Madhya Pradesh is continuously making efforts towards encouraging industrial activities and investment. At present 250 pharmacies and 35 medical colleges are operating in the state.

 

The necessary infrastructure for the chemical-petrochemical industry is ready in the state. A Plastic Park is being developed at Tamot in Raisen district, Bilowa in Gwalior, and a large Pharma Biotech Chemical Zone in Ratlam. Chief Minister Dr. Mohan Yadav said that Regional Industry Conclaves are being organised across Madhya Pradesh to align with the Central Government’s efforts in industrialisation and investment. So far, conclaves have been held in Ujjain, Jabalpur, Gwalior and Sagar with an upcoming event scheduled for Rewa. He emphasised that Madhya Pradesh holds immense potential for the establishment of a wide range of industries. Chief Minister Dr. Yadav said that Madhya Pradesh will progress in the petrochemical sector. The state government is also working on a plan to create a ‘State-of-the-art Petrochemical Investment Region’. Sehore-Ashta is, in a way, the central region of the country where all the necessary arrangements are available to encourage industries including airport and railway lines. Work is also in progress for the expansion of activities in the pharma sector in Ratlam, Jhabua, and Indore. Union Minister of Chemicals and Fertilisers J P Nadda mentioned the Bharat Petroleum Petrochemical Project of Bina in the state. He said that the efforts being made by the State Government for the expansion of industrial activities in the petrochemical, pharma, chemical and fertiliser sectors will yield positive results in the field of investment and employment.