Tamil Nadu to come up with new pharma policy; industry welcomes move

Tamil Nadu, which has been losing out to neighbouring states in its position among the major pharma manufacturing hubs, is expected to launch a new pharmaceutical manufacturing policy to attract the industry. 

This is at a time when the Goods and Services Tax (GST) implementation has almost removed the additional benefits the tax haven states like Himachal Pradesh has been offering to the manufacturers, say industry representatives from the state. Besides, the state has also been subject to criticism for losing out to neighbouring states in its strongholds including the automobile sector.

"We would like the pharmaceutical industry in the state to