Union Budget 2023-24
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Sector Pharmaceuticals
State Madhya Pradesh
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Overview

Madhya Pradesh is a major Pharmaceuticals hub in the country with presence of key national and international companies of this sector. More than 1 lakh people in the state are employed in pharma sector

  • MP has policies catering to all needs of pharmaceuticals sector
  • Pharmaceutical products are being exported to 217 countries from the state
  • Presence of 8 Bulk Drugs , 31 Formulations, 4 Large Volume Parenteral WHO-GMP Compliant Units 
  • Pharma Clusters: Indore, Dewas, Bhopal, Mandideep. Pithampur SEZ is India’s leading manufacturing hub
  • Online grant of license and GMP, GLP, Non-Convection, Market standing, Performance, Free sale certificate
  • More than 110 institutes providing degrees / diplomas in Pharma 
  • Customized package is offered for Investment above INR 100 Cr under Mega Projects. 
Investitionen in Madhya Pradesh

State Incentives

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  • One-Time Incentives
  • Recurring Incentives
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Land Cost Rebate
  • MP provides rebate on land premium depending on the land size requirement for MPIDC developed industrial areas;
    • Up-to 1 Hectare – 75% Rebate
    • 1 – 20 Hectare – 50% Rebate
    • Above 20 Hectare – NIL
  • Rebate is also offered if undeveloped land parcel is leased from MPIDC - Maximum up-to 40 Hectare - 50% Rebate on land premium. 50% rebate will be offered upto a fixed land size based on investment categories given as follows -
    • INR 10-100 Crore - Upto 10 Hectare
    • INR 100-500 Crore - Upto 20 Hectare
    • INR 500 Crore and above - Upto 40 Hectare
Fixed Capital Rebate
  • Investment Promotion Assistance (IPA): A tax delinked investment assistance is offered to large scale industries ranging from 40% to 10% of investment in plant and machinery with minimum investment of INR 10 Crore. Basic Investment Promotion Assistance is divided by 7 (years) which is further multiplied by following multiples to arrive at Annual Yearly Investment Assistance
    • Employment generation (100-2500 employees): 1.0–1.5 times
    • Benefits to Export oriented units (25% - 100%): 1.0–1.2 times
    • Benefits to industries setting up in Priority Block: 1.2. times
  • Industries availing incentives in MP will know beforehand the total exact amount of IPA assistance they will receive based on their plan for employment, investment, export and the location that they choose for investment. IPA will be disbursed in 7 annual installments
  • An online calculator is developed to enable industries in calculating exact amount of the subsidy - Click on link for calculator https://invest.mp.gov.in/incentivecalculator
Stamp Duty Exemption
  • Investor can demand stamp duty exemption under customized package for mega projects with an investment more than INR 100 Crore  
Green Industrialization
  • ​​​​​​Green Industrialization for establishing ETP/STP @50% with a maximum limit of INR 1.00 Cr.
Patent Charges
  • ​​​​​​Patent Charges Reimbursement @100% up-to INR 5 lacs.
Infrastructure Development Subsidy
  • ​​​​​​Infrastructure development subsidy @50% with a maximum limit of INR 1.00 Cr each for Water/ Electricity/ Roads for Private/Undeveloped Govt. Land.
Slack period
  • Investments made upto 2 years from date of commercial production shall be eligible for Investment Promotion Assistance.
Other Incentives
  • Investor can demand for any other incentives under customized package for mega projects with an investment more than INR 100 Crore
SGST Reimbursement
  • ​​​​​​MP has a tax-delinked policy. Investor can demand for Tax incentives under customized package for Mega projects with an investment more than INR 100 Crore
Skill Development/ Training Incentive
  • Incentives to provide employment to person with Disabilities (minimum 5% of Total workforce)
    • 100% reimbursement of skill development
    • Employees PF/ESI assistance: Reimbursement of employee’s contribution- maximum Rs. 6000/- per month for 5 years
    • Medical insurance premium reimbursement
Interest Cost Subvention
  • Investor can demand interest cost subvention under customized package for mega projects with an investment more than INR 100 Crore
Power Tariff Rebate
  • Tariff Rebate on new HT connection @Rs. 1/- per unit for a period of 5 years for green field projects
Electricity Duty Rebate
  • Investor can demand for electricity duty exemption under customized package for mega projects with an investment more than INR 100 Crore
Other Incentives
  • Investor can demand for any other incentives under customized package for mega projects with an investment  more than INR 100 Crore

Important Links

Important Documents

Sector Profile Pharma and Health Care Industry

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Major Players

  • Pharmaceuticals Sector Companies in Madhya Pradesh
  • Pharmaceuticals Sector Companies in Madhya Pradesh
  • Pharmaceuticals Sector Companies in Madhya Pradesh
  • Pharmaceuticals Sector Companies in Madhya Pradesh
  • Pharmaceuticals Sector Companies in Madhya Pradesh
  • Pharmaceuticals Sector Companies in Madhya Pradesh
  • Pharmaceuticals Sector Companies in Madhya Pradesh
  • Pharmaceuticals Sector Companies in Madhya Pradesh
  • Pharmaceuticals Sector Companies in Madhya Pradesh
  • Pharmaceuticals Sector Companies in Madhya Pradesh
  • Pharmaceuticals Sector Companies in Madhya Pradesh
  • Pharmaceuticals Sector Companies in Madhya Pradesh
  • Pharmaceuticals Sector Companies in Madhya Pradesh
  • Pharmaceuticals Sector Companies in Madhya Pradesh

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