Current Affairs Exam

Ranchi to get pharma, food processing park

With the industries department all set to announce a new pharma policy to woo investors from across the country, decks have been cleared to set up a pharma and a Food Processing park atChanhoblock of Ranchi.

According to a press communique released by information and public relations department (IPRD), the new pharma policy is a part of initiative taken by chiefministerHemantSorenwho has announced that private players will be investing Rs 10,000 crore in the next three years.

According to plans, the government has reserved 55 plots for allocation to micro, small, medium and largescale pharma industries. Out of these 55 plots, 30 plots are reserved for the micro pharma , 14 plots for small units, 7 plots for medium units and 4 plots are reserved for largescale ones. The pharma park will be equipped with all the necessary Infrastructure, including an administrative building, a canteen, an utility centre, ETP, a road Network, Drainage System, bridges, streetlights among others.

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