Government of Himachal Pradesh has signed 17 MoUs amounting to Rs 2,110 crore at a pharma expo in Mumbai.

Led by Industries Minister Harshwardhan Chauhan, the state delegation showcased the pharma ecosystem of the state at the expo to invite potential medical device players for investment in the upcoming bulk drug park and the medical devices park.

Chauhan emphasised on the successful working of more than 630 pharma manufacturing units exporting formulations worth Rs 10,000 crore. He also highlighted the need for active pharmaceutical ingredient (API) manufacturing in the state, as there is an annual demand for bulk drugs worth Rs 35,000 crore.

As per a government press note, several big pharma players expressed their desire to set up industrial units in the bulk drug park and the medical devices park. Lupin expressed interest in setting up a fermentation-based API unit in the bulk drug park.