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National Biopharma Mission
May 3 , 2018
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- The Union Government has entered into an agreement with World Bank for flexible financing arrangement to accelerate research towards early development for biopharmaceuticals under National Biopharma Mission.
- The agreement was signed between
- Project implementing agency, Biotechnology Industry Research Assistance Council (BIRAC), a PSU of Department of Biotechnology,
- Department of Economic Affairs, Ministry of Finance and
- International Bank for Reconstruction and Development (IBRD) on behalf of World Bank.
- National Biopharmaceutical Mission is the first ever Industry-Academia mission to accelerate biopharmaceutical development in India. This programme has been named Innovate in India (i3).
- The mission was launched by Ministry of Science & Technology in 2017 at a total cost of US $250 million for five years with 50% funding through World Bank Loan.
- The objective of this programme is to make India a hub for design and development of novel, affordable and effective biopharmaceutical products.
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