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Why India's pharma cos prefer Gujarat over tax havens
Rediff.com

Why India's pharma cos prefer Gujarat over tax havens

Gujarat has around 3,000 licensees for allopathic drug manufacturing, apart from around seven homeopathic licensees, 500 ayuvedic and 600-700 cosmetics licensees 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 ... Rediff.com, 3 weeks ago
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