Cabinet approves relaunch of ‘Bulk drug park scheme’

The Cabinet recently approved the relaunch of a scheme called ‘Bulk drug park scheme’. The approval aims to set up three bulk drug parks and four medical device parks for a total outlay of ₹3,400 crore over the next five years.

Under the bulk drug park scheme, the government will give grant to states with a maximum limit of ₹1,000 crore per bulk drug park, up to ₹3,000 crore in total. A similar scheme has been launched for medical devices, with a maximum grant of ₹100 crore per park.