Biotechnology Policy 2015-2020

Key Highlights

  • Among top 3 states in India in pharmaceutical exports
  • Home to 190 pharmaceutical units
  • 128 pharmaceutical colleges produce over 11,000 highly-skilled personnel annually

Biotechnology
Policy
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Key Policy Targets 2020

Key Initiatives

  • 3 Mini Life Sciences Park to be setup within next 3 years
  • Life Sciences Knowledge Centres to be established across the state on PPP model
  • Agri-Biotech committee to expedite R&D proposals
  • Andhra Pradesh Biotechnology Committee (APBC) under Chief Secretary
    • Mega Project proposal evaluation
    • Advisory services in biodiversity/genetic engineering space

Major Clusters / Parks

Mega Life Sciences Park to be developed at Visakhapatnam :
  • 200 acres of land
  • PPP model
  • Plug and play lab space
  • Incubation centre
  • Skill development and training centre
  • Financial assistance for critical external infrastructure
JN Pharma City in Visakhapatnam houses over 60 leading Pharma units

Key Fiscal Incentives

Incentives

Description

Power Fixed power cost reimbursement of ₹1.50 per unit for 5 years
ANNUAL TECHNOLOGY ACQUISITION FUND Annual budget of ₹2 crore to be instituted
INTEREST SUBSIDY Interest subsidy @ 3% per annum on term loans towards purchase of capital equipment necessary for technology upgradation, for a period of 5 years
PROMOTION OF INNOVATION AND APPLIED RESEARCH & DEVELOPMENT
  • Contribution of up to ₹25 lakh for biotech-related projects of public importance
  • Financial assistance up to ₹25 lakh per project per annum towards covering scientist and technician cost
  • Financial support not exceeding ₹5 lakh for a period of 6 months, limited to 10 researchers per annum
  • Financial assistance for Patent Registration, limited to 75% of the cost subject to a maximum of ₹25 lakh

Existing Partners

Upcoming projects