Ministry of Chemical & Fertilizers announces revised Guidelines for Scheme for "Strengthening of Pharmaceuticals Industry (SPI)” | Current Affairs | Vision IAS
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    Ministry of Chemical & Fertilizers announces revised Guidelines for Scheme for "Strengthening of Pharmaceuticals Industry (SPI)”

    Posted 18 Mar 2024

    Updated 28 Mar 2024

    2 min read

    • SPI scheme addresses requirement for support to existing pharma clusters to improve productivity, quality and sustainability to make India a global leader in Pharma Sector.
      • SPI Tenure: FY 2021-2022 to FY 2025-26 (5 years)
    • SPI Scheme has three components
      • Assistance to Pharmaceutical Industry for Common Facilities (APICF)
      • Revamped Pharmaceutical Technology Upgradation Assistance Scheme (RPTUAS)
      • Pharmaceutical & Medical Devices Promotion and Development Scheme (PMPDS)

     

    APICF

    PMPDS

    • Aim: Strengthen existing pharmaceutical clusters’ capacity for their sustained growth by creating common facilities.
    • Tenure: 5 years. 
    • Limit of incentive will be 70% of approved project cost or Rs 20 crore, whichever is less,
    • Eligible activities: R&D Labs; Testing Laboratory for Pharma Products; Effluent Treatment Plants; Logistic Centers; Training Centers.
    • Monitoring: Project Management Consultant (PMC), agency appointed by Department of Pharmaceuticals (DoP).
    • Benefits:
      • Improvement in quality standards and environmental regulatory compliance; 
      • Reduction in wastage of manufactured pharma products; 
      • Increased availability of trained personnel for pharma clusters; etc.
    • Aim: Facilitate growth and development of Pharmaceutical and Medical Devices Sectors through conducting studies, awareness programs, etc.
    • Tenure: 5 years.
    • Eligible activities: Database Creation of pharmaceutical and medical device sector, etc.
    • Monitoring: PMC.
    • Benefits: Bring awareness about Government policies and identifying problems/issues faced by industry.
    • Tags :
    • Pharmaceuticals Industry
    • SPI scheme
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