Niper secures 100 acres from IDPL, to invest Rs 180 cr

Hyderabad: The National Institute for Pharmaceutical Education and Research (NIPER) has been allotted 100 acres of IDPL land to set up a Rs 180-crore institute of excellence under the public private sector participation model.

The Niper Hyderabad would also play the role of an incubator in participation with the pharmaceutical industry. Niper is seen as a centre of excellence and will play the role similar to IIMs in bridging the talent requirement in the pharma sector.

SECOND INSTITUTE


This would be second such institute on the country after Mohali centre and it is now proposed to establish three more at Ahmedabad, Hajipur and Kolkata during the XI Plan period, according to Mr G.S. Sandhu, Joint Secretary Department of Chemicals and Petroleum, Government of India.

CLASSES BY JULY


Addressing a press conference here along with the Bulk Drug Manufacturers Association (BDMA) here on Saturday, Mr Sandhu along with the President of BDMA, Mr M. Narayana Reddy, announced their decision to commence classes initially at the Indian Institute for Chemical Technology-Hyderabad by July 2007 and later shift to the new campus planned in the IDPL land.

INVESTMENT


This project would involve total investment of Rs 180 crore including Rs 90 crore for equipment, about Rs 70 crore for building.

Hyderabad being a bulk drug manufacturing base, several players from the pharmaceutical industry have agreed to contribute for the success of Niper in Hyderabad. While in the case of Kolkata, Indian Institute of Chemical Biology (IICB) and Patna Medical College in the case of Hajipur near Patna and LM Institute of Pharma Science and Nirma Institute for Ahmedabad institute would play a similar role like IICT in Hyderabad.

MANDATE


The Niper mandate is to focus on medical chemistry, pharma analysis and pharmacology and toxicology.

The Government officials, pharma sector companies and other industry representatives met with the State Chief Minister, Dr Y.S. Rajasekhara Reddy, on Niper and were assured of the State's support for the project, Mr Sandhu said.