Gujarat expedites pharma licensing
Gujarat government has reduced the duration for granting licenses for new pharmaceutical units by 60 days. Similarly, the government has also reduced the time taken for granting new permission and renewing exiting ones for sale of medicines in the state. New permission for sale of medicines have also been reduced to 30 days from the earlier 45 days and the renewal of existing permission for sale have been reduced to 30 days from the earlier 70 days.
This decision from the state government comes as more and more pharmaceutical units are approaching the state government to open new units.
The number of project proposals submitted to Gujarat’s Food and Drugs Control Administration for green-field projects or expansions of existing ones have risen three fold post-GST. The move is also expected to help the state government promote itself as a pharma hub during the upcoming Pharmac India 2017 event that is scheduled to be held on November 7-9, 2017.
In 2016, Gujarat had slipped to third spot behind Andhra Pradesh and Telangana in the ease-of-doing-business ranking prepared by the World Bank and Department of Industrial Policy and Promotion