After GST, pharma companies prefer Gujarat over tax havens

Gujarat FDA has seen a significant jump in number of investment proposals after GST

The goods and services tax (GST) has proven to be a boon for the pharmaceutical industry in Gujarat, with a renewed interest among pharma companies to set up units here as the hilly states tax havens lose attractiveness. As per the local Food and Drug Control Administration (FDCA), they are handling 30-40 applications every week for brownfield and greenfield units since GST has been implemented, as against 10-12 per week earlier.

H G Koshia, commissioner, Gujarat FDCA, informed that data collected for the period between June 13 and September 12 shows that around 56 fresh proposals to set up pharmaceutical