[1][2] Ahmedabad and Vadodara are considered as pharmaceutical hubs as there are many big and small pharma companies established in these cities.
[7] Over 52,000 individuals are employed in Gujarat's pharmaceutical sector, which has experienced a Compound Annual Growth Rate (CAGR) of 54 percent in capital investments over the last three years.
Gujarat FDCA (Food and Drugs Control Administration) Innovation and Research Cell, which was established to promote R&D in the pharmaceutical industry.
For example, the Gujarat Industrial Policy 2020 provides various incentives to companies engaged in R&D activities, including subsidies for the development of new products, tax exemptions on R&D expenditure, and funding for collaborations with academic institutions.
[52][53] Gujarat government has taken the initiative to provide training in areas such as R&D, manufacturing, quality control, and regulatory affairs, and aims to develop a skilled workforce for the industry.
This has led to the development of innovative products and technologies, which has helped to establish Gujarat as a hub for the pharmaceutical industry in India.
The Indian pharma industry has bounced back with an estimated export value of $19.15bn in 2018–19, an increase of 10.85% over the previous year.
The major markets for Gujarat's pharmaceutical exports are the United States, European Union, Africa, and the Middle East.
These initiatives include the establishment of pharma parks and special economic zones, providing financial incentives and subsidies for exporters, and the organization of trade fairs and exhibitions to showcase the products of the state's pharmaceutical industry.