Andhra Pradesh Best Destination For Pharma Units: Minister

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Andhra Pradesh Chief Minister N Chandrababu Naidu today sought investments in the pharma sector in the State, where he said the Government has formulated policies suitable for healthcare companies.

Several companies have evinced interest to set up their units in the State due to the Government’s investor- friendly policies, he said.

Rao was speaking was after inaugurating the 68th Indian Pharmaceutical Congress(IPC) at the Andhra University Grounds here.

The event, being attended by pharmacy professionals, industry representatives, academics, drug administrators, regulatory bodies, hospital and community pharmacists, concludes tomorrow. Andhra Pradesh, particularly Visakhapatnam, was the best place to establish healthcare industries.

Andhra Pradesh Chief Minister N Chandrababu Naidu today sought investments in the pharma sector in the State, where he said the Government has formulated policies suitable for healthcare companies.

He called upon heads of various pharmaceutical companies to come forward to set up their units in Andhra Pradesh and take advantage of the Government’s industry- friendly policies.

The State has created adequate infrastructure for such companies, he said. He said the State has good quality road, port, rail and air connectivity and is able to provide 24-hour uninterrupted power supply, water and land to investors.

He said Visakhapatnam – the biggest city in the State after Hyderabad — would become a pharma hub in future as several companies in the health sector have expressed willingness to set up their facilities here.

Andhra Pradesh, under the leadership of Chief Minister N Chandrababu Naidu, was growing at a fast pace and recently adjudged the best state in term of ease of doing business, he said.

Rao said Naidu would meet CEOs of over 100 pharma companies and also health experts during his visit to the city tomorrow. During the meeting, he will showcase business potential of the State.

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