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Opportunities for Pharma Industry in Bangalore, Karnataka

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Pharmaceuticals is one of the major sectors in Karnataka. Bangalore, the IT Capital of India, is one of the fast-growing pharma hubs in the country. 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 bio-tech 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.

Government Initiatives for the Sector 

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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. SolutionBuggy’s expert pharma consultants in Bangalore understand business and technical issues of pharma companies and provide turnkey solutions in a quick and cost-effective manner.

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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Testimonials

We have been into pharma manufacturing business for the past few years. We were planning to start the manufacturing of surgical spirit and we looking for a pharma consultant who can help us with the same. SolutionBuggy helped us with the formulation of surgical spirit at our manufacturing plant.  

- Kamlesh, KML Pharma.

SolutionBuggy helped us in setting up a manufacturing unit to manufacture empty hard gelatin capsule. They have provided us with a detailed project report along with formulation for the product. We have successfully developed the product with the help of expert pharma consultants from SolutionBuggy.

- Nuruddin, NRD Enterprises.

We were planning to start the manufacturing of APIs in the niche segment. We came across SolutionBuggy while looking for pharma consulting company. SolutionBuggy helped in setting up the manufacturing plant to manufacture APIs. Thank you SolutionBuggy.   

- Naveen, NDP Pharmaceuticals.

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