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Opportunities for Pharma Industry in Pune, Maharashtra

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Pune is one of the most industrialized cities in India and the second largest city in Maharashtra.

Maharashtra contributes to about 20% of India’s pharmaceutical output. Maharashtra has the highest number of pharmaceutical manufacturing units in the country. Maharashtra houses the highest number of US Food and Drug Administration approved pharma manufacturing units in India.  Pharmaceuticals is one of the key sectors with major exports in the state.  The state has many pharma hubs in cities like Mumbai, Pune, Nashik and Aurangabad, among which Pune is the notable one after Mumbai.

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Sun Pharma, Pfizer, Rallis India, Hikal, Emcure Pharmaceuticals, Abbott, Novartis, Sanofi, GlaxoSmithKline, etc. are some of the key pharmaceutical companies present in Maharashtra.  Apart from these there are several other players in the state that are comparatively small in size.  The recent Covid-19 pandemic has provided these small players to increase their capabilities and scale up the product. However, the SMEs that lack enough financial resources face numerous challenges such as lack of access to technology, marketing channels, R&D facilities, etc.

SolutionBuggy’s verified pharma consultants in Pune understand the challenges of pharma companies in the state and provide them with relevant solutions for market research, product formulation, quality management, regulations, R&D, packaging, distribution, etc.  As one of the top pharma consulting firms, SolutionBuggy helps pharma manufacturing companies overcome their business challenges through its vast network of pharma project consultants in Pune.

The government of Maharashtra has come up with a single-window system for pharmaceutical companies to grant them clearances and address their grievances.   The new pharmaceutical industries in the state will be exempted from stamp duty and registration fee for the first three years under the Maharashtra State Innovative Start-up Policy, 2018. The pharmaceutical companies involved in R&D will be given reimbursement of up to INR 2 lakh for Indian patent and INR 10 lakh for international patent.

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