Karnataka – Industrial Policy 2020-25 for Large, Mega, Ultra Mega and Super Mega Enterprises
Karnataka currently ranks 5th in Pharma exports and contributes 10% to the Indian Pharma revenue. Karnataka exports 40% of its pharma produce. Presence of exclusive Pharma Special Economic Zone in Hassan, Pharma Industrial Areas and R&D centers provide required impetus for further growth of Pharma sector in the State
Considering the huge cost involved in R&D activities in the sector, necessary support in the form of grants is included in the Industrial Policy 2020-25.
Starting date: 13th August, 2020
Ending date: 13th August, 2025
Incentives for Pharma and Medical Devices Industries
|
Benefit |
Eligibility |
Rate of Subsidy |
Max Subsidy |
|
Establishment of Pharma Park |
- Only for Zone 1 and Zone
2 |
50% |
Rs. 5 Crore |
|
Clinical Trials |
- Only for Zone 1 and Zone
2 |
20% |
Rs. 1 Crore per trial |
|
Establishment of Medical Devices Park |
- All Zones |
50% |
Rs. 5 Crore |
|
Encouragment of waste management practices |
- All Zones |
Rs. 2.50 Crore for Large
Enterprises |
Our Unique Services
- Preparation of Detailed Project Reports (DPR)
- Layout Drawings
- Facilitating various permissions required from various Govt. Departments
- Error free application processing for various subsidies and incentives
- Facilitating the arrangement of subsidies and incentives from Govt. Departments
- Advisory on Purchase of Machinery / Technology and Civil works