Context:

• The Haryana government has recently announced an ambitious initiative to establish a state-of-the-art Pharmaceutical Park in Karnal, a move that signifies a pivotal step in the state's industrial development strategy.

Key Points:

• This comprehensive project aims to position Haryana as a leading hub for pharmaceutical manufacturing and innovation, thereby enhancing its economic landscape and creating numerous job opportunities.
• The proposed Pharmaceutical Park is set to be developed on a sprawling 100 acres of land in Karnal, strategically located approximately 125 kilometers from New Delhi and 135 kilometers from Chandigarh.
• This prime location is expected to facilitate easy access to major markets and supply chains, making it an attractive destination for pharmaceutical companies. The project represents a substantial investment of ?2,000 Crore, which is anticipated to generate significant economic opportunities for the region, including the creation of approximately 25,000 new jobs in the pharmaceutical sector.

Key objectives and vision

The Haryana Pharmaceutical Policy 2019 outlines several critical objectives for the Pharma Park, which are aimed at transforming the state's economic landscape:

1. Economic Transformation:
   • Attracting investments in the pharmaceutical sector amounting to ?2,000 Crore.
   • Generating 25,000 new jobs, thereby enhancing employment opportunities for the local population.
   • Developing Haryana into a comprehensive pharmaceutical manufacturing hub that can cater to both domestic and international markets.
      
2. Strategic infrastructure development:
   • Establishing two distinct manufacturing zones within the park:
     • Formulation Manufacturing Zone: Focused on the production of finished pharmaceutical products.
     • Active Pharmaceutical Ingredient (API) Manufacturing Zone: Dedicated to the production of raw materials essential for drug formulation.

Policy framework and support mechanisms

To foster a conducive environment for pharmaceutical entrepreneurs, the Haryana government has designed a robust policy framework that includes:

• Investor-friendly ecosystem:
  • Single Window Clearance: A streamlined, time-bound approval mechanism to facilitate quick project initiation.
     
  • Subsidized Land Rates: Reduced costs for establishing pharmaceutical units, making it financially viable for investors.
     
  • Financial Incentives: A special package of benefits for new units to encourage investment in the sector.
    
     
• Infrastructure support:
  • 100% Cost Coverage: The government will cover the costs for external and internal infrastructure development, up to ?50 Crore.
     
  • Common Effluent Treatment Plant (CETP): To ensure environmental sustainability and compliance with regulatory standards.
     
  • Common Cluster Laboratory: Equipped with modern testing equipment to support quality assurance and research activities.