Latest News | Govt to Rope in Pvt Sector for Production of Concentrated Poppy Straw, Alkaloids for Pharma Use
Get latest articles and stories on Latest News at LatestLY. The government is planning to set up a unit under a public-private partnership (PPP) for the production of concentrated poppy straw and alkaloids, which are used for medicinal purposes.
New Delhi, May 10 (PTI) The government is planning to set up a unit under a public-private partnership (PPP) for the production of concentrated poppy straw and alkaloids, which are used for medicinal purposes.
The government will be inviting bids from the private sector for setting up the unit at an estimated cost of Rs 150 crore.
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The Government Opium & Alkaloid Factories under the Finance Ministry undertakes the work connected with the receipt, storage and processing of exports of opium. The alkaloid works are engaged in processing raw opium into alkaloids of pharmaceutical grade.
The revenue department has floated a draft RFP (request for proposal) seeking comments for setting up of unit for production of Concentrated Poppy Straw (CPS) from Opium Poppy Crop and extractions of Alkaloids on a PPP basis on design, build, finance, operate and transfer basis.
The selection of a private partner, who will have to deposit a bid security amount of Rs 3 crore, will be based on a bidding process. PTI
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)