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India News | Govt Earmarks Rs 1,000 Cr for Promotion of Bulk Drug Parks

Get latest articles and stories on India at LatestLY. The government has earmarked Rs 1,000 crore for the promotion of bulk drug parks for FY25, a multi-fold increase from Rs 85.15 crore outlay in the revised estimate for the ongoing fiscal. India News | Govt Earmarks Rs 1,000 Cr for Promotion of Bulk Drug Parks.

Govt earmarks Rs 1,000 cr for promotion of bulk drug parks

The government has increased the budget for the promotion of bulk drug parks to Rs 1,000 crore for FY25, a significant increase from the previous year. The total outlay for the development of the pharmaceutical industry for FY25 has also been increased to Rs 1,300 crore. Additionally, the budget for the promotion of medical device parks has been raised to Rs 150 crore for FY25. The allocation for assistance to medical device clusters for common facilities has also been increased to Rs 40 crore.

Govt earmarks Rs 1,000 cr for promotion of bulk drug parks

Govt earmarks Rs 1,000 cr for promotion of bulk drug parks
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Conpet has budgeted a declining profit for this year

The company expects expenses to grow more than revenuesThe transporter of petroleum products Conpet Ploieşti (COTE) has budgeted for this year a net profit of 40.9 million lei, 28.5% below the preliminary one of last year, against the background of the increase in expenses to a greater extent than of revenues, according to the documents published by the company on its website on Friday.

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