Both the formulation and API units in Tamil Nadu are anticipating that the state government may announce its Tindivanam Pharma Park project in the coming budget session of the State Assembly which commences on April 6.
The cluster project is mainly to boost the small and medium enterprises (MSME) in the pharmaceutical and nutraceutical sectors and all the groundwork for the project has been fulfilled, said a senior officer from the State Small Industries Development Corporation (SIDCO).
“The project is almost finalized. 90% of the groundwork is over. The next step is the announcement by the CM and it may happen at any time in the coming assembly budget session. The work on the detailed project report (DPR) is already over, and last week the industry secretary called a meeting of all stakeholders, in which representatives of TN pharma industry, MSME secretary, and SIDCO officials attended. Final discussion on the project with participation of industry is also over. Now everything is in the hands of the government who will announce the details at any time during the assembly session,” said R Pradeep, senior consultant at SIDCO.
Expecting the announcement, the TN pharma industry (IDMA) has called a meeting of its executive committee on April 5 to discuss further matters. Last month the TN IDMA submitted their recommendations to the government following the announcement of the park site by the government. According to sources from the industry, government has notified 250 acres of land at Tindivanam for the development of the pharma cluster.
J Jayaseelan, chairman of the TN IDMA, said this Tindivanam Pharma Park will not only benefit the pharma industry in Tamil Nadu, but also it will benefit the pharma MSMEs in Pondicherry which is 35 kilometer distance from Tindivanam. The union territory of Pondicherry is a leader in drug manufacturing sector with the services of over 100 formulation companies. Chennai is 130 kilometers away from Tindivanam.
|Foreseeing a bright future for the pharma sector of the state, the industry association is now working out on organizing the pharma exhibition, Pharmac South 2022, in July. It will be the major event to be conducted in the state in the post-Covid era.