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Schemes for Medical and Pharma sector
October 17 , 2023
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- The Ministry of Chemicals and Fertilizers has launched initiatives to nurture Innovation, research, and development in the Medical and Pharmaceutical sectors.
- These Initiatives are
- National Policy on Research and Development and Innovation in Pharma-MedTech Sector in India and
- Scheme for Promotion of Research and Innovation in Pharma MedTech Sector (PRIP).
- Indian pharmaceutical industry is the 3rd largest pharmaceutical industry in the world by volume with current market size of around USD 50 Billions.
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