Gujarat government to establish bulk drug park in Jambusar
The government of Gujarat is in the process of establishing a world-class bulk drug park in Jambusar in Bharuch district with the aim of making the state a global hub for chemicals and related industries, a said Pankaj Joshi, additional chief secretary to the chief minister of state. .
Speaking on the sidelines of a book launch function, Joshi said the state government is in constant contact with the Union government to bring one of the three bulk drug parks to Gujarat, because many manufacturers of basic chemicals and APIs have expressed interest in installing their units. in the proposed bulk drug park.
âThe government is working to overcome three major challenges, including the availability of quality basic inputs, the price of oil and gas, the lack of extensive R&D facilities and the limitation of world-class infrastructure. These blockages can be lifted through cohesive efforts at government, industry, institutional and individual levels, âhe said, adding that recently the government of Gujarat has proposed a new industrial policy in which chemicals have been concentrated as basic sector.
Joshi, who is also in charge of the finance department, said that compared to just 3.4% of the compound annual growth rate of basic chemicals production over the past eight years in India, demand is increasing at a rate of 5 , 5%. This means that the country is not keeping up with the growth in demand and that due to its chemical industries it depends on imports of important basic chemicals, he added.
India’s trade (import-export) deficit in the chemical sector is a staggering 8,500 crore rupees, he said, adding: âThe country produces 8,000 different chemicals. The market size of the sector in the country is set at $ 178 billion and by 2025 it is expected to reach $ 300 billion. Gujarat contributes nearly 30% ($ 55 billion) in chemical production, followed by Maharashtra 16% and Tamil Nadu 7%.
Gujarat has become the chemical, petrochemical and pharmaceutical center of the country owing to the favorable industrial atmosphere, the favorable industry policy of the state government, the good infrastructure compared to other states, the main – of skilled work, the strategic geographical location of the state, the entrepreneurial quality of the people in Gujarat and many other advantages, he said. These advantages would not prevent Gujarat from becoming a global hub for the chemical and allied industry, he said.