Life Sciences
Overview of India
In top 12
biotech destinations in the world
21.9%
compound annual growth rate since 2012
₹25,573 crore
(US $ 4.7 billion)
contribution to GDP in 2012
2%
contribution to the global biotech industry
₹13,310 crore
(US $ 2.2 billion)
revenues from bio-pharma exports in 2013
87%
increase in FDI inflows during 2014-15
Destination Andhra Pradesh
Top 3
states in India in pharmaceutical exports
190
pharmaceutical units
in Andhra Pradesh
128
pharmaceutical colleges
in Andhra Pradesh that produce over 11,000 highly skilled personnel annually
10 lakh acres
of land bank
Large base of scientific and technical manpower
120 polytechnics, 225 engineering colleges and 35 pharmacy institutions
Major focus on converging information technology, biotechnology and pharma
Agro-biotech committee
set up in the state to expedite R&D proposals
3
Mini life sciences park
to be set up in the next 3 years
6
Life science knowledge centres
to be established in the state
4
Incubation centres
to be set up in the state
1st
in ease of doing business
by World Bank
Excellent logistics and reliable infrastructure available
Skilled labour workforce available
Drivers of Growth
Increasing demand for healthcare services
due to rising disposable income and rising middle class population: estimated to touch 550 million by 2025 from 50 million in 2010
Cost effective manufacturing capabilities
Low-cost and skilled labour force
key reason for the country attracting outsources research activity from global biotechnology companies
Increase in government funding for product innovation and research
Improved clinical capabilities in drug discovery
Availability of a skilled pool of scientists and engineers
FDI up to 100%
is permitted through the automatic route
Key Policy Targets
₹6,000 crore
(US $ 899 million)
of new investments in the sector by 2020
5,000
new employment opportunities
in the sector by 2020
Key Fiscal Incentives
Power
  • Fixed power cost reimbursement of ₹1.50 per unit for 5 years
  • Grant of 50% of project cost of setting up integrated food parks, up to INR 20 crore
Annual technology acquisition fund

Annual budget of ₹2 crore to be instituted

Interest subsidy

Interest subsidy @ 3% per annum on term loans towards purchase of capital equipment necessary for technology upgradation, for a period of 5 years

Promotion of innovation and applied research & development
  • Contribution of up to ₹25 lakh for biotech-related projects of public importance
  • Financial assistance up to ₹25 lakh per project per annum towards covering scientist and technician cost
  • Financial support not exceeding ₹5 lakh for a period of 6 months, limited to 10 researchers per annum
  • Financial assistance for Patent Registration, limited to 75% of the cost subject to a maximum of ₹25 lakh

Partners
Existing
GSK
Sentini Hospital
Aurobinto
Biocon
Mylan
Dr Reddys
Divis
Hetero
Eisai
Sms Pharmaceuticals
GVK Bio
Laurus lab
Suven
Nacto
Upcoming
Pfizer Hospira
Jagruthi

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