Thursday, December 25, 2008

HP emerging as pharmaceutical hub of India: Dhumal

Shimla, Dec 24: Himachal Pradesh is emerging as a manufacturing hub for pharma products and is likely to produce about three-fourth of the country's total requirement, Chief Minister Prem Kumar Dhumal said today.

There was hardly any renowned multinational pharma company which had not opted to manufacture medicines in Himachal Pradesh, Dhumal said, while presiding over 35th meeting of the state-level single window clearance and monitoring authority here.

The CM said the state expects to be in a position to manufacture about 70 per cent of the total medicines of the country in coming few years.

He said the investment in the hill state had been attracted by the special industrial package provided by former Prime Minister Atal Bihari Vajpayee in 2003.

The state has succeeded in attracting investment worth Rs 35,667 crore and create employment potential for about 4,08,000 youths through 11,404 new industrial units and 321 expansion projects so far, he added.