Union Budget 2023-24
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Sector Pharmaceuticals
State Punjab
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Overview

  • Punjab exports Pharmaceutical products worth $121 mn.
  • Punjab has strong presence of Active Pharmaceutical Ingredients and Formulations units.
  • SEZ of Sun Pharma in Mohali.
  • US FDA approved Ibuprofen plant: "IOL Chemicals & Pharmaceutical Ltd, world's largest producer & exporter - 40% of global production & 30% of global demand".
  • Strong knowledge & research base - NIPER, IISER, IIT, Punjab University, INST, PGI, AIIMS,Homi Bhabha Cancer Hospital.
  • Punjab among top 5 states in terms of Health Index of Government of India
Пенджаб Экономика

State Incentives

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  • One-Time Incentives
  • Recurring Incentives
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Land Cost Rebate
  • Land cost is counted under Fixed Capital Investment for incentives under Punjab's Industrial & Business Development Policy 2017.
Stamp Duty Exemption
  • 100% exemption or reimbursement on purchase or lease of land and building.
Exemption from Land Development Charges
  • 100% exemption from Change of Land Use Charges and External Development Charges.
Other Incentives
  • Upcoming state-of-the-art Pharma park with common infrastructure facilities at :
    • Bathinda
    • Fatehgarh Sahib
SGST Reimbursement
  • 100% GST Reimbursement
  • For period upto 15 years
  • Recovery upto 200% of Fixed Capital Investment
Power Tariff Rebate
  • Electricity (variable tariff) @ $0.07 (INR 5) per unit to all industrial units
Electricity Duty Rebate
  • 100% exemption upto a period of 15 years
Exemption from Property Tax
  • Upto 100% exemption for 10 years
Employment Generation subsidy
  • Upto $481 (INR 36,000) per employee per year upto 5 years.
  • Upto $641 (INR 48,000) per employee per year for Women & SC/BC/OBC upto 5 years.
  • With no domicile restriction 

Important Links

Major Players

  • Sun Pharma
  • IOL Chemicals & Pharmaceutical
  • Centrient Pharmaceuticals
  • Punjab Chemical & Crop Protection Limited
  • Ind-Swift Laboratories
  • Parexel
  • Nectar Lifesciences
  • Abryl Laboratories
  • Saurav Chemicals Ltd

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