$80bn Indian mega-hub proposed
Submitted by pratyesh on Fri, 05/23/2008 - 19:16.
in
- pratyesh's blog
- Login or register to post comments
The Indian government is close to rubber-stamping an $80bn industrial hub near Vishakhapatnam (Vizag) which is expected to attract pharmaceutical companies to the region.
A consortium of Mittal Energy Investments, Total SA and Petroleum Corp will be the anchor tenant at the mega oil, chemical and petrochemical hub following its $7.5bn investment.
Surrounding this will be numerous pharmaceutical and chemical manufacturing facilities, spread over the 603 sq km site.
The sheer scale of the site and the investment should ensure that it becomes a focal point for pharmaceutical activity within India. At this time it is unclear which pharmaceutical companies will be setting up in the region.
The operating in India the hub at Vizag should prove alluring to pharmaceutical companies owing to its scale plus the surrounding geography, culture and infrastructure.
Companies operating in the hub will be looking to utilise the large number of highly educated, English speaking graduates from the region's educational establishments.
It is this workforce which has driven the rapid growth of Vizag from a small fishing village during colonial times to the industrial monolith it is today.
This industrial expansion has been supported by improvements in the region's infrastructure.
Consequently, the hub will have excellent links by air, which have undergone rapid improvement in recent years. This has resulted in increased capacity for international airlines and permission for night flights. The city is also well connected to the rest of India by air and rail.
This should facilitate the movement of people to the hub, as well as the transport of goods to market. Vizag's natural harbour will also play a vital role in dealing with exports, which are anticipated to be $13.6bn per annum.
Infrastructure at the hub itself is to be developed through significant governmental funding, with central government pumping in $1.2bn and the state, Andhra Pradesh, supplying $500m.
The sums of money involved signify the commitment of the Indian government to see the nation build on the impressive growth it has achieved in recent years.
All drugs guarentee a price down???
hi pratyesh,that's a nice move,really....But there are few drugs which cost in thousands for a single dose.
e.g.- few drugs for cataracts cost even upto rs. 15000!!!(Actually i don't know the generic name of that drug and iam trying to know about it. Iam saying this because one of my freind's grandmother had undergone operation for cataracts and the medicine given to her had costed near about Rs. 15,000....I would post the name of that drug as soon as i find it...)
So, with such a move,price would fall maximum down to few thousands of rupees...But,the incidence of this disease is not negligible...And a common person might not afford to spend thousands of rupees for few doses...
Re: All drugs guarentee a price down???
It is sorry to say, but many of the people who are living under the poverty line or near to poverty line will be more benefited due to this. And ya some of the International market based manufacturing drugs will always remain at high prize until and unless our Indian based company starts to practice as per US-GMP. If these all starts then it is clear that, patient get the same drug at low cost because the competition will increase, So increase in Supply will decrease the cost.
what about drop margin???
i agree that increase in competion would decreaqse the price...But,in case of highly costly drugs like i just stated,even thousands of rupees of a dose (after getting dropped down from tens and fifteens of thosands) would not be affordable for a below-poverty-line person....
Re: what about drop margin???
Look dear, our pharma industry is a gambling center. We can not say exactly that whether company will decrease the prize or not, but we have to finally hope that may they drop down the prize.
Re: Happy to Read
Yes Rameshwar, If India keep this form in full throttle then, in next 6 to 7 years, India will be the 1st in the Pharmaceutical manufacturing, these all helps us to keep the drugs prize low and thus, a normal person can easily buy those life saving drugs which cost us 5 to 6 times high.
A Golden Day in the future.......
If that would be the case ,then pharmacy will have a broad outlook in our country......
Happy to Read
Dear pratyesh,
It is a marvelous move in the field of pharmacy and it would create copious oppurtunites for the pharmacists and drives the budding students to take pharmacy as thier career....Keep posting the latest advacements about the project.......