Pharma industries making a beeline to Sikkim

Subscribe to Oneindia News

Gangtok, Nov 26 (UNI) A silent pharma revolution is sweeping through Sikkim with four pharmaceutical giants setting up their units in the state this year.

Two similar pharmacy units already existed in the state, taking the total number of such units to six.

The sudden surge in interest of these drug companies in Sikkim is due to the new North-east Industrial and Investment Promotion Policy (NEIIPP) 2007 launched earlier this year. Sikkim had been included in the exclusive group of Northeast states in the policy that seeks to entice industries in the region through huge subsidies.

General Manager (Operation in Charge) from Allcam Laboratories K B Murthy told UNI, ''The Northeast Industrial and Investment Promotion Policy is the reason for the company coming to Sikkim.

Good governance and peaceful political scenario in Sikkim are also factors that drew us to this state.'' Allcam has set up its manufacturing unit at Kumrek, East Sikkim and according to Mr Murthy it has achieved 50 per cent of production works since it started August this year.

Zydus healthcare, Sikkim organics, Agape Drugs and Pharma, STP Pharmaceutical and Sikkim Agro Chem are the other units operating from Sikkim.

According to the state industries department, around 12 more pharma companies have applied to set up their units in Sikkim.

This pharma proliferation has also provided employment to locals and the state industries department believes that 10,000 jobs will be provided by the pharma industries in near future. The state government has been insistent that jobs should be given to only locals and if qualified technical persons are not found, the state government is prepared to train them.

Pharmacy students from Himalayan Pharmacy Institute, based in Rangpo, have already been placed in the pharma units. ''We have cent per cent placement record and 50 per cent of these students chose to work in pharma industries in Sikkim,' said Dr H P Chettri, Director of the Institute.

UNI

Please Wait while comments are loading...