Sikkim - The new hub of pharma industry


Sikkim is offering special incentives to women entrepreneurs besides power subsidy, financial support for technical know-how and subsidy on cost incurred on quality control measures.


If you thought Sikkim is only about tourism and Buddhism, think again. The small state is the new hub for the pharmaceutical industry. All leading companies in the sector-Zydus Cadila, Alkem, Sun Pharma, Cipla, Golden Cross Pharma, Micro Labs-have their presence in the state. These aside, more than 450 micro, small and medium industrial units have registered themselves with the District Industries Centre in the state.

The state is also offering special incentives to women entrepreneurs besides power subsidy, financial support for technical know-how and subsidy on cost incurred on quality control measures.

The re-opening of the Nathu La trade route in 2006 has also resulted in a steady increase in border trade. Exports to China rose from Rs 27.87 lakh in 2006 to Rs 16 crore in 2014 while imports grew from Rs 6.88 lakh to Rs 1.02 crore.

Source: http://indiatoday.intoday.in/story/the-new-hub-of-pharma-industry/1/516290.html

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