Strengthening of Pharmaceutical Industry (SPI)’ scheme

  • IASbaba
  • March 12, 2022
  • 0
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Strengthening of Pharmaceutical Industry (SPI)’ scheme

Part of: Prelims and GS-II Health and GS-III Economy

Context: Department of Pharmaceuticals, Ministry of Chemicals and Fertilizers on Friday released guidelines for ‘Strengthening of Pharmaceutical Industry (SPI)’ scheme.

  • The scheme aims to address rising demand in terms of support required to existing Pharma clusters and MSMEs across the country to improve their productivity, quality and sustainability. 
  • The Centre has assigned an outlay of ₹500 crore for the period from fiscal FY 21-22 to FY 25-26.

Key highlights of the scheme:

  • financial assistance to pharma clusters will be provided for the creation of Common Facilities to improve the quality and to ensure the sustainable growth of clusters.
  • To upgrade the production facilities of SMEs and MSMEs so as to meet national and international regulatory standards.
  • support for clusters for creation of common facilities with the focus on R&D Labs, Testing Laboratories, Effluent Treatment Plants
  • The units supported under this scheme is expected to act as Demonstration Firms for the pharma clusters and MSE Pharma Industries, to develop on quality and technology up-gradation fronts.

News Source: Livemint

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