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Dept. Of Pharmaceuticals Unveils Revamped Technology Upgradation Assistance Scheme

The Department of Pharmaceuticals, Ministry of Chemicals and Fertilizers, introduces the Revamped Pharmaceuticals Technology Upgradation Assistance Scheme to enhance industry capabilities and align with global standards. Its approval follows a thorough review by the Scheme Steering Committee, considering the revised Schedule-M of the Drugs and Cosmetics Rule, 1945.

Key Features of the Revised Scheme

Broadened Eligibility Criteria

  • Expanded eligibility to include any pharmaceutical manufacturing unit with a turnover of less than 500 crores requiring technology and quality upgradation.
  • Preference for Micro, Small, and Medium Enterprises (MSMEs) to support smaller players in achieving high-quality manufacturing standards.

Flexible Financing Options

  • Introduces subsidies on a reimbursement basis over the traditional credit-linked approach.
  • Diversifies financing options, facilitating widespread adoption.

Comprehensive Support for Compliance with New Standards

  • Supports a broader range of technological upgrades in alignment with revised Schedule-M and WHO-GMP standards.
  • Eligible activities include improvements in HVAC systems, utilities, testing laboratories, clean room facilities, etc.

Dynamic Incentive Structure

  • Pharmaceutical units meeting turnover criteria eligible for incentives up to Rs. 1.00 crore per unit.
  • Incentive structure varies based on turnover, incentivizing growth across different scales of operations.
  • Below table explains incentives for companies:
  • Turnover Range (in Crores) Incentives
    Less than Rs. 50.00 crore 20% of investment under eligible activities
    Rs. 50.00 crore to less than Rs. 250.00 crore 15% of investment under eligible activities
    Rs. 250.00 crore to less than Rs. 500.00 crore 10% of investment under eligible activities

State Government Scheme Integration

  • Allows integration with state government schemes, enabling additional top-up assistance.
  • Aims to maximize support for the pharmaceutical industry in technology upgradation efforts.

Enhanced Verification Mechanism

  • Introduces a robust verification mechanism through a Project Management Agency.
  • Ensures transparency, accountability, and efficient resource allocation.

Government’s Commitment to Industry Growth

  • The reform in the PTUAS Scheme will catalyze the growth of the pharmaceutical industry and enhance its compliance with global manufacturing standards.
  • By revamping the scheme, the government reaffirms its unwavering commitment to supporting a critical industry for the nation’s health and well-being, ensuring its competitiveness on the global stage.

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