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Opportunities for Pharma Industry in Ahmedabad, Gujarat

Gujrat is one of the top states in pharmaceutical manufacturing in India. Gujarat is the most preferable destination for leading pharma companies in the world for contract manufacturing. Gujarat exports pharma products to many countries in the world including the USA, the EU, the UK, Russia, Australia, China, and African countries.

The role of Gujarat in India’s pharma exports growth story has been very significant. The state registered more than 400% growth in pharma exports over the past decade. Gujarat accounts for 1/3rd of India’s pharmaceutical turnover and 28% of India’s pharma exports. Over 40% of the machinery for the Indian pharmaceutical industry is manufactured in Gujarat. Gujarat houses more than 255 WHO-GMP compliant manufacturing facilities in the country.

Ahmedabad, being the largest city in Gujarat, has a dedicated cluster for formulations, APIs, biologicals and contract manufacturing. The city provided world-class infrastructure and resources for entrepreneurs planning to start a pharma manufacturing business. SolutionBuggy bridges the gap between pharmaceutical manufacturing consultants in ahmedabad and pharma industries present in ahmedabad.

Government Initiatives for the Sector

The Government of Gujarat is providing a lot of initiatives to pharma companies in the state such as giving preference to generic drugs in government purchases, the establishment of Genetic Diagnostic centres, Gene Banks, etc.

Here is a quick glance at the state government’s assistance for MSMEs

  • 10% and 15% subsidy on loan for capital investment amount in Municipal Corporation areas and in areas other than Municipal Areas, respectively.
  • 5% and 7% subsidy on interest for 5 years in Municipal Corporation areas and in areas other than Municipal Areas, respectively.
  • 50% subsidy on capital cost for obtaining ISO certification, WHO GMP, for installing ERP and for testing equipment and machinery required.
  • 75% subsidy on expenditure for obtaining patents.
  • 50% grant on the cost of technology acquisition.
  • Assistance to raise promotor contribution in the form of equity or loan through Gujarat Venture Finance Limited

Gujarat has four pharma clusters, each in Ahmedabad, Vadodara, Bharuch & Ankleshwar, Vapi & Valsad. The government is also planning to develop three pharma parks in the state- API Park, Formulations Park and Medical Devices Park.

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Hire the Best Pharma Consultants in Ahmedabad

The Government of Gujarat is keen to promote pharmaceutical industries in the state through business friendly policies. However, in spite of the policy support, the SMEs, unlike the large scale industries, face various challenges such as lack of access to advanced technology, R&D facilities, marketing channels, etc., due to lack of expertise.

As one of the top pharma consulting firm, we have verified pharma consultants in Ahmedabad who can understand the business and technical challenges of pharmaceutical industries and provide relevant solutions. With pharma project consultants in Ahmedabad, SolutionBuggy provides turnkey solutions to various problems of pharma businesses in the state, such as market research, product formulation, quality management, regulations, R&D, packaging, distribution, etc. SolutionBuggy’s Pharmaceutical formulation consultants in ahmedabad, will help you develop new formulations and products, and test them for efficacy and safety.

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product formulation consultant
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product development consultant
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plant setup consultant
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