The Uttar Pradesh government will develop central and western Uttar Pradesh as BPharma and Medical Device Park. For this, the government will give a subsidy on interest to the company on the purchase of Pharma Parkland.
“Medical devices and medicines made in UP will be supplied to Germany, France, South Asia, and the USA,” the statement said.
“On the other hand, in the entire country, a maximum number of children complete the education about 74,000 pharma graduates in UP annually. In such a situation, UP can be easily developed as a medical hub. Some cities of central and western UP are more suitable for this. The city is located near the expressway,” the Chief Minister said.
“At present, the UP Growth State Value Addition (GSVN) in the field of medicine is less than USD 1bn, it needs to be increased to USD 2 to 3bn. To increase this, Gautam Budh Nagar has been selected to develop the Medical Device Park,” he added.
The Chief Minister said that land has been identified near Jewar Airport in Gautam Buddha Nagar for the purpose.
It added that the Yogi government will give interest subsidy of up to 50% on the purchase of land to the giants of the medical industry for setting up Pharma Parks in UP and up to 60% interest subsidy on the construction of basic facilities along with common facilities inside the Pharma Parks.