Budget Speech 2020/21
Facilitating emergence of New Sectors:
- Cote D’Or Data Technology Park
- Pharmaceutical Industry (in context of COVID-19 pandemic)
- Priority investment in the Manufacturing of Pharmaceutical products, Medical Devices, Personal Protective Equipment through PPP
- Incentives to setting up of Medical R&D centres & CROs
Biotechnology and Pharmaceutical Manufacturing Industry:
- Incentives to purchase land and construct purpose-built factories for manufacturing pharma products and medical devices + clinical and pre-clinical trials and eventually tax rebates
- Seed capital of Rs 1 billion has been earmarked for MIBL to implement various budgetary measures announced.