Biotech, Pharmaceuticals And Medical Devices
Karnataka is a leading contributor to the success of Pharma, Biotech and medical devices in the country. Over 10% of India’s Pharma revenues and 50% of India’s Biotech’s revenues are from Karnataka. Karnataka is the biotech capital of India
40%
of Karnataka’s Pharma output is exported across the world
60%
of Biotech companies in India are in Karnataka
6.5Cr
Grant sanction released to UAS Dharwad
7500+
Biotech graduates every year from Karnataka
40%
of Karnataka’s Pharma output is exported across the world
60%
of Biotech companies in India are in Karnataka
6.5Cr
Grant sanction released to UAS Dharwad
7500+
Biotech graduates every year from Karnataka
Table of contents
Incentives
One-time capital subsidy of upto 50% common Effluent treatment plant upto 5 lakhs
One time capital subsidy of 50% of total cost upto 5 lakhs
Equity contribution of upto 26% can be sought from JSSIDC, KIADB in PPP mode
Investment promotion subsidy of upto 10% of turnover for 5 years for Micro & Small Industries (upto INR 1 Cr.) and upto 2.5% of turnover for Medium enterprises for upto 6 years (upto 40% of value of fixed assets)
Upto 100% exemption on stamp duty
Low concessional registration charges of 0.1%
Upto 100% exemption on electricity duty for 8 years
Reimbursement of cost of power paid at INR 1/unit for 3 years
50% subsidy on cost of ETP (Max INR 50 L)
5% interest subsidy on technology upgradation loan for upto 6 years
Upto 2.25% of turnover as investment promotion subsidy for 6-10 years upto 40-60% of fixed asset value
Upto 100% exemption on stamp duty
Low concessional registration charges of 0.1%
Upto 100% reimbursement on land conversion fee
50% subsidy on cost of CETP/ETP/STPs (upto INR 6 Cr.)
Investment subsidy for anchor industries of upto INR 10 Cr.
New initiatives & opportunities
Pharma parks
Two pharma parks planned in Karnataka – one each in Yadgir and Raichur
AYUSH
A state of the art AYUSH biopharma and wellness cluster planned in Shivamogga
Innovation
INR 50 crores earmarked for Bio-ventures fund to promote growth of Biotech startups in the state
Incubation centres
Two biotechnology incubation centers in Mysuru and Dharwad to promote research in food tech and agriculture
Sector Champion
Amardeep Singh Ahluwalia
Sr. Vice President- Corporate Affairs
Jubilant Foodworks Limited
The Jubilant Bhartia Group, has a strong presence in diverse sectors like Pharmaceuticals, Life Science Ingredients and Drug Discovery Services, Performance Polymers, Food Service (QSR), Food, Auto, Consulting in Aerospace and Oilfield Services. Jubilant Bhartia Group has three flagships Companies- Jubilant Life Sciences Limited, Jubilant FoodWorks Limited and Jubilant Industries Limited, listed on Indian Stock Exchanges. Currently the group has a global workforce of around 39,000 employees.
Biocon Limited, is an innovation-led global biopharmaceuticals company committed to enhance affordable access to complex therapies for chronic conditions like diabetes, cancer and autoimmune. It has developed and commercialized novel biologics, biosimilars, and complex small molecule APIs in India and several key global markets, as well as generic formulations in the US and Europe. It also has a pipeline of promising novel assets in immunotherapy under development.
Growth drivers
Robust industry ecosystem
Over 500 Biotech units and 300 formulation/bulk drug units present in Karnataka
Strong research support
35+ Clinical research organizations and prominent institutions like IISC & Institute of Agri-biotechnology in the state readily cater to the research and talent requirements of the industry
World-class infrastructure
With Bangalore Helix biotechnology park, Bangalore bio cluster and pharma parks in Yadgir and Raichur, the state offers world class infra facilities to enterprises
Biotech policy
As the first state to formulate biotech policy, the government envisages presence of a vibrant and dynamic pharma and biotech ecosystem in the state
