In a bid to become a global leader in innovative drugs, the Department of Pharmaceuticals will soon launch the Scheme for Promotion of Research and Innovation in the Pharma-MedTech Sector (PRIP) in September this year, official sources said.
“The Union Cabinet has already approved the National Policy on Research and Development and Innovation in the Pharma-Med Tech Sector in India and also approved a new Scheme for Promotion of Research and Innovation in the Pharma-Med Tech Sector (PRIP) with a total outlay of Rs 5,000 crore for a period of five years, i.e., from 2023-24 to 2027-28,” the Department of Pharmaceuticals said in a statement.
