The government of Maharashtra is planning to set up a bulk drugs park in Raigad district.

The project will require about 5,000 acre of land in 17 villages located in Murud and Roha talukas of the district. It will offer investment opportunity of Rs 30,000 crore and is likely to provide employment to an estimated 75,000 people.

The preliminary process for land acquisition has commenced. Most of the land required for the project is marshy, and cultivable land will not be acquired. There will be no relocation of villagers.

All the stakeholders will be taken on board and the project will go ahead after the villagers are taken into confidence.

In western Maharashtra, a large pharmaceutical project had already come up at an investment of Rs 500 crore.

In addition to the land acquisition compensation, 10 percent of developed land plots will be returned to the residents. These plots could be used for commercial, industrial and residential use by the residents.