Goa’s Rs6.5bn ($146m) pharmaceutical industry could benefit from millions of rupees if the state’s main port Mormugao is designated as a harbour for exporting pharmaceutical goods, an industry insider has said.
At present, 72 pharmaceutical units, including Cipla and Ciba Geigy, must export their products from Nhava Sheva in Mumbai, incurring high logistical expenses.
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Goa Pharmaceutical Manufacturers Association president Arun Naik told reporters, “Apart from this, are the man-hours lost in coordination until the consignment reaches the port. Add to this the congestion in Nhava Sheva because of large import-export traffic leading to delays.
“We have already taken the Mormugao Port Trust officials into confidence and are lobbying for getting the Mormugao Port in Goa notified as a designated port for import and export of pharmaceutical goods. This will save us millions as far as transit and logistical issues are concerned.”
The Mormugao Port Trust has issued the Goa Pharmaceutical Manufacturers Association a letter showing its willingness to rent out the port and has spoken to the Drugs Controller General of India about the matter.
The notification that will make Mormugao the new designated port for pharmaceutical goods is likely to be issued this month.
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By GlobalData
