Maharashtra Biotechnology Sector
Maharashtra Accounts 1/3rd of Bio-tech revenue.
India is one of the 12 destinations
India is the second highest number of USFDA
Indian biotechnology sector is expected to grow to $100 billion by 2025.
100% FDI permitted and automatic route.
Biotechnology is key focus area
Maharashtra Biotechnology Board, Maharashtra Biotechnology Commission, and Biotechnology Development Fund,
Creation SEZ and Biotech park.
Maharashtra contributes 35% in Biotech sector of India.
Mumbai contributes $56.6 million and Pune $21.9 million.
Biotech Manufacturing facilities in Thane, Navi Mumbai and Aurangabad- 16 Large enterprise and 50 MSME.
Association of Biotechnololgy Led Enterprises (ABLE)
Registered Biotechnology Units
Large: Register 16 LoI: 7
Investment: $185.8mn $88.1mn
1.MIDC, Hinjewadi, Pune 2. Jalna, Aurangabad
Serum Bio-Pharma Park at Pune
State proposed Biotech Park with $56million
8 biotechnology SEZ have been proposed with investment $738 mn 94000 jobs
Revenue Center:- Biotechnology Park
Biotechnology College: DY Patil College, navi Mumbai, Center for BioTechnology, Ahmednagar, Rajiv Gandhi Institute of IT & Biotechnology, Pune.
VAT+CST abatement & Stamp duty Exemption, Electricity Exemption, Electricity Duty Exemption,
Mega and Ultra Mega projects can qualify for fiscal incentives upto 100% of Fixed Capital Investment
10% additional incentives for projects double employement.
Incentives are provided as per firm's catagorisation, classification of Industrial area, for specific period.
For New units under C, D, D+, will be exempted from electricity duty for 15 years.
Under A & B 100% EOU will be exempted from electricity duty for 7 years.
Package Scheme of Incentives for new industrial units/expansion units, in state's developing regions awarded to pharmacutical and biotechnology units, medical
& Surgical appliances, Cold Storage (pharma products). For Mega and Ultra Mega projects will be decided High power committee. Maharashtra Bio-tech provides fiscal and non fiscal incentives.
Sector Specific policy- Incentives
Bio-Parks and Bio Research Center
bio-Tech school curriculum- Center for excellence- University of Mumbai
Government of India Initiatives
National Guidelines for Stem Cell 2013,Similar Biologitics Regulatory Requirements for marketing autorisation in India 2012
GoI introduced Biotech Equtity Fund BIRAC ACE Fund in partnership with Business incubator.
GoI, has asked RBI to catagrorise Biotech as priority sector.
GoI has set Network or Technology Centers promoting by SIDBI.