Biotechnology Policy 2015-2020
Key Highlights
- Home to 200+ pharmaceutical units
- Amongst the top 3 states in pharmaceutical exports
- Pharmaceutical industry worth USD 1 billion in North Andhra Region
- JN Pharma City in Visakhapatnam houses more than 60 pharmaceutical units
- Andhra Med Tech Zone – Asia’s 1stmedical devices park being set up in Visakhapatnam
- 128 pharmaceutical colleges producing over 11,000 highly-skilled personnel annually
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Biotechnology
Policy
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Key Policy Targets 2020
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Key Initiatives
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3 Mini Life Sciences Park
to be setup within next 3 years
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Life Sciences Knowledge Centres
to be established across the state on PPP model
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Agri-Biotech committee to expedite R&D proposals
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Andhra Pradesh Biotechnology Committee (APBC)
under Chief Secretary
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Mega Project proposal evaluation
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Advisory services in biodiversity/genetic engineering space
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Major Clusters / Parks
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Mega Life Sciences Park
to be developed at Visakhapatnam :
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200 acres of land
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PPP model
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Plug and play lab space
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Incubation centre
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Skill development and training centre
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Financial assistance for critical external infrastructure
JN Pharma City in Visakhapatnam houses over 60 leading Pharma units
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Key Fiscal Incentives
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Incentives
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Description
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Power
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Fixed power cost reimbursement of ₹1.50 per unit for 5 years
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ANNUAL TECHNOLOGY ACQUISITION FUND
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Annual budget of ₹2 crore
to be instituted
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INTEREST SUBSIDY
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Interest subsidy @ 3% per annum on term loans towards purchase of
capital equipment necessary for technology upgradation, for a period of 5 years
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PROMOTION OF INNOVATION AND APPLIED RESEARCH & DEVELOPMENT
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Contribution of up to ₹25 lakh for biotech-related projects of public importance
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Financial assistance up to ₹25 lakh per project per annum towards covering scientist
and technician cost
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Financial support not exceeding ₹5 lakh for a period of 6 months, limited to 10
researchers per annum
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Financial assistance for Patent Registration, limited to 75% of the cost subject
to a maximum of ₹25 lakh
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Existing Partners
Upcoming projects