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      Goa to set up pharma park in SEZ

      Posted AtThe Economic Times

      The Goa government is planning to set up a pharmaceutical park in the proposed special economic zone (SEZ), where pharmaceutical companies will be allowed to set up 100% export oriented units (EOUs). Announcing the pharmaceutical park plans on Thursday, Luizinho Faleiro, minister for industries and education, said, “Goa will also establish a biotechnology park, and a new policy on biotechnology will be announced on November 14.”

      Mr Faleiro was speaking at the 'Pharma Summit 2005: India Pharma Inc - New Collaborative Growth Models’ organised by the CII. He said the state was providing incentives for pharma companies to set up units there. The state has enough skilled manpower for the pharma industry, he said, adding that India can become a leader in the biotech space.

      Ajay Piramal, chairman of the National Committee on Drugs & Pharmaceuticals and the chairman of Nicholas Piramal India, expressed concern over the mechanism of price monitoring. He felt that 70-80% of pharmaceutical products should come under price control. According to him, pricing pressures were due to intense competition in the industry.

      October 21, 2005


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