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Opportunities for Pharma Industry in Bangalore, Karnataka

Karnataka is recognised as “Biotech capital of India'' as 60% of Biotech companies of India are in Karnataka. The state occupies the fifth position in terms of pharma exports in India with over 40% of Karnataka’s pharma output exported across the world. Karnataka accounts for 10% percent of pharma revenues and 50% of biotech revenues of India.

Karnataka holds a prominent position in pharma, bio-tech and medical devices segments in the country with the presence of more than 500 bio-tech units and 300 formulation/bulk drug units present in the state. Our pharmaceutical manufacturing consultants in Bangalore provide solutions to all the business challenges and technical challenges faced by pharma industries. They provide not only strategic visions but also a technical and practical methodology to help pharma industries deal with various challenges.

Government Initiatives for the Sector

Government of Karnataka is looking forward to create pharmaceutical parks in various parts of karnataka through Public Private Partnership to promote pharmaceutical industry in Karnataka. State government is also planning to furnish pharmaceutical parks by setting up a common effluent treatment plant (CETP), common testing laboratory, cold storage with warehousing, stand-alone power station, etc. To encourage and promote MSMEs in the pharmaceutical sector in the state, the government of Karnataka is providing a lot of initiatives.

  • Investment promotion subsidy of upto 10% of turnover for 5 years for micro and small enterprises and upto 2.5% of turnover for medium enterprises for 6 years.
  • Reimbursement of cost of power paid at INR 1/unit for 3 years
  • Upto 100% exemption on electricity duty for 8 years
  • Upto 100% exemption on stamp duty
  • 5% interest subsidy on technology upgradation loan for 6 years
  • 50% subsidy on the cost of ETP

Karnataka has Helix bio-technology park in Bangalore with world-class infrastructure. The government is planning to setup two pharma parks in the state- one in Raichur and another in Yadgiri.

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Hire the Best Pharma Consultants in Bangalore

The state offers a favourable environment for pharma companies by providing them with business friendly policies, cost-effective manpower, etc. However, the industries, particularly the micro, small and medium scale pharma manufacturing companies present in the state face numerous challenges such lack of access to advanced technology, R&D facilities, marketing channels, etc. Unlike, the well-established players it is very difficult for the MSMEs to overcome these challenges owing to lack of required expertise.

Being one of the top pharma consulting firms, we assist pharma manufacturing companies in addressing their challenges related to market research, product formulation, quality management, regulations, R&D, packaging, distribution, etc. through our network of pharma project consultants in Bangalore. Our pharmaceutical formulation consultants in bangalore help you overcome formulation difficulties by developing the products cost effectively. They help in developing different dosage forms and finalization of technical strategy as per regulatory requirement. SolutionBuggy’s expert pharma consultants in Bangalore provide turnkey solutions in a quick and cost-effective manner.

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market research consultant
Market Research
product formulation consultant
Product Formulation
product development consultant
Product Development
plant setup consultant
Plant Setup
funding consultant
Funding
R & D consultant
R & D
technology adoption consultant
Technology Adoption
license & certifications consultant
License & Approvals
packaging & distribution consultant
Packaging & Distribution

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