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Govt to set up Rs 500-cr fund for SME pharma firms

Industry Drugs & Pharmaceuticals

The union government will set up a Rs 500 crore fund for small and medium players in the pharmaceutical sector for upgradation of their manufacturing facilities to boost drug production in the country. Further, the government is also planning to approve six pharma parks this year at an estimated investment of Rs 180 crore to promote pharmaceuticals manufacturing.

Extracted from BS, July 24,’15

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