The Indian government has unveiled a Rs 5,000 crore plan to boost the country’s pharmaceutical and medical technology sectors. The initiative aims to promote research and development, innovation, and production in these sectors, thereby reducing India’s dependency on imported medical devices and drugs. The plan includes creating infrastructure, setting up research facilities, and fostering collaborations between academia, industry, and startups. This move aligns with India’s goal of becoming self-reliant in critical healthcare areas and enhancing its contribution to the global pharmaceutical and medtech industries.
A Rs 5,000 crore initiative is in the works to strengthen India’s pharma and medtech sectors
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