Budget 2023: New Programme to Promote Research in Pharma, Says FM
1 year, 10 months ago

Budget 2023: New Programme to Promote Research in Pharma, Says FM

News 18  

Finance Minister Nirmala Sitharaman on Wednesday announced launch of a new programme to promote research in pharmaceuticals with a view to promoting growth of the sector. The domestic pharma industry had demanded that Budget 2023-24 should help fuel innovation and R&D, which will set the pace for propelling the pharmaceutical industry. The Organisation of Pharmaceutical Producers of India had demanded that the government encourage the transition to a discovery-oriented and science-driven approach by offering fiscal incentives and supportive policies in order for the life sciences sector to truly contribute to the vision of Aatmanirbhar Bharat. Charu Sehgal, Partner, Deloitte India said,” The announcement of providing investment and setting up centres of excellence to promote research and development in pharma is much needed and will help India move up the value chain in the life sciences sector.”_ The focus on providing skilled manpower availability for high-end research and manufacturing in the medical technology sector will help India become more self reliant and reduce the current high dependence on imports, Sehgal added.

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History of this topic

ICMR seeks 'out of the box' ideas from Indian scientists to solve complex health problems
1 month, 1 week ago

ICMR seeks 'out of the box' ideas from Indian scientists to solve complex health problems

Deccan Chronicle  

New Delhi: In an effort to encourage Indian scientists to come up with innovative ideas for finding solutions to difficult health problems, apex health research body ICMR has launched a new initiative The initiative-- First in the World Challenge -- aims to foster novel, out of the box, futuristic ideas, new knowledge generation, discovery or development of breakthrough health technologies …

What do leading scientists make of the R&D Budget in Modi’s third term?
4 months, 2 weeks ago

What do leading scientists make of the R&D Budget in Modi’s third term?

The Hindu  

The previous two terms of the Narendra Modi government saw the launch of some major national advanced technology missions, including for supercomputing, cyber-physical systems, and quantum technologies. N. Kalaiselvi, Director-General, Council of Scientific and Industrial Research: Continuing with the focus on ‘Viksit Bharat’ like last year, this year’s Union Budget also spurs research and development in important areas such as …

Budget 2024: Will focus on Anusandhan make India lead innovator by 2047?
5 months ago

Budget 2024: Will focus on Anusandhan make India lead innovator by 2047?

Firstpost  

The Narendra Modi government has floated a corpus of Rs 1 lakh crore for long-term zero-interest or low-cost loans for research and development activities In the Interim Budget 2024-25, Union Finance Minister Nirmala Sitharaman put research and innovation at the centre of the pathway of India to be a developed nation by 2047, when it celebrates a hundred years of …

Budget 2024 Expectations: Pharma Sector Seeks Tax Benefits, Effective Intellectual Property Rights Regime
5 months, 2 weeks ago

Budget 2024 Expectations: Pharma Sector Seeks Tax Benefits, Effective Intellectual Property Rights Regime

News 18  

Union Budget 2024: All eyes are on the upcoming Union Budget as India’s pharmaceutical industry, a global leader in generics, waits with bated breath. Industry bodies have urged that there is a need to incentivise R&D investments, offer corporate tax concessions and establish an effective intellectual property rights regime to push the growth of the domestic pharmaceutical industry. Outlining the …

Indian pharma companies hope to get incentives for innovation: Union Budget 2024
5 months, 2 weeks ago

Indian pharma companies hope to get incentives for innovation: Union Budget 2024

Hindustan Times  

Indian pharmaceutical companies hope to get financial assistance and tax incentives for the research and development of drugs, with the new government ready to present the 2024 Union Budget on July 23rd, according to a Reuters report. India's pharmaceutical companies hope to get financial assistance and tax incentives for the research and development of drugs in the new 2024 union …

Interim Budget 2024 | ₹1 lakh crore fund to help India leapfrog in deep-tech
10 months, 3 weeks ago

Interim Budget 2024 | ₹1 lakh crore fund to help India leapfrog in deep-tech

The Hindu  

One of the announcements of Finance Minister Nirmala Sitharaman, while she presented the Interim Budget 2024 on February 1, that stood out was the “Anusandhan’‘ scheme, which promises to spur innovation and research in the “tech start-up” and Micro, Small and Medium Enterprise landscape. Avinash Vashistha, executive chairman, Tholons, a technology, innovation and investment firm, said the fund proposal indicated …

Government moots ₹1 lakh-crore corpus for research and development in interim Budget
10 months, 3 weeks ago

Government moots ₹1 lakh-crore corpus for research and development in interim Budget

The Hindu  

Signalling a commitment to research and innovation for India’s “tech-savvy youth,” Finance Minister Nirmala Sitharaman, in her Interim Budget speech on February 1, mentioned a corpus of ₹1 lakh crore, that would be available on ‘minimal or nil interest rates’ to “encourage” the private sector to invest in research and development in ‘sunrise sectors.’ It was not clear if this …

Budget 2024: Research & innovation corpus needs clarity of modalities involved
10 months, 3 weeks ago

Budget 2024: Research & innovation corpus needs clarity of modalities involved

Hindustan Times  

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Budget 2024: Govt vows to launch new scheme to bolster deep-tech for defence sector
10 months, 3 weeks ago

Budget 2024: Govt vows to launch new scheme to bolster deep-tech for defence sector

India TV News  

Budget 2024: Union Finance Minister Nirmala Sitharaman on Thursday presented the interim Budget in Parliament ahead of the Lok Sabha elections. In her Budget speech, she said that a new scheme will be launched to bolster deep tech for the defence sector. 'Govt committed to strengthening economy' The Finance Minister said the Modi government stands committed to strengthening and expanding …

Interim Budget | Healthcare industry expectations include incentives to promote private investment, R&D, et al
11 months ago

Interim Budget | Healthcare industry expectations include incentives to promote private investment, R&D, et al

The Hindu  

The healthcare industry is seeking greater incentives to promote private investment, sustained incentives for research and development particularly in antibiotic research, while calling for actions to address escalating Active Pharmaceutical Ingredient cost, including incentives for domestic manufacturers and a reduction in GST in the upcoming Interim Budget 2024-25. Besides this the industry is also demanding accelerated growth in adding to …

Budget 2024: Pharma industry seeks conducive policies
11 months, 1 week ago

Budget 2024: Pharma industry seeks conducive policies

Live Mint  

In run-up to the interim Budget 2024, the pharma industry has sought conducive policies that provide benefits in terms of both direct and indirect taxes. There is a high risk, long gestation period and low success rate in research, and therefore, there is a need for continuous investments, Indian Pharmaceutical Alliance secretary general Sudarshan Jain said in a statement. “The …

India pharma industry to reach $130 billion by 2030
1 year ago

India pharma industry to reach $130 billion by 2030

The Hindu  

The Indian pharmaceutical industry is expected to reach $130 billion mark by 2030 said a top industry executive at the CPHI & PMEC India expo. This growth is propelled by expanding market opportunities, heightened demand in the USA, and critical shortages of medicines in the U.S. and Europe,” said Dr. Veeramani S.V., Chairman, Pharmaceuticals Export Promotion Council of India. Anil …

Opinion: India could write the next chapter of global pharma triumph
1 year, 3 months ago

Opinion: India could write the next chapter of global pharma triumph

India Today  

India’s G20 presidency has significant implications for the pharmaceutical industry, focussing on improving global health emergency preparedness, fostering industry collaborations, and harnessing digital health potential. India’s pharma industry has established its position as a global hub for drug manufacturing, bolstered by a well-established domestic production infrastructure and a pool of highly-skilled, cost-effective workforce. New avenues for growth Not surprisingly, global …

Mega schemes for pharma development, med-tech innovation and reducing dependency API import to be announced next month
1 year, 3 months ago

Mega schemes for pharma development, med-tech innovation and reducing dependency API import to be announced next month

The Hindu  

The Ministry of Chemicals and Fertilizers will soon announce a ₹5,000-crore research programme aimed at reducing India’s import dependency on Active Pharmaceutical Ingredients and promoting discovery of new drug molecules. “The policies aim to engage nine established pharmaceutical companies in impact research across six priority areas with prestigious government institutes. It also approved a new Scheme for Promotion of Research …

India's Pharma Sector In 2023 And Beyond: Shaping New Paradigm With Innovation And Easier Regulatory Processes
1 year, 7 months ago

India's Pharma Sector In 2023 And Beyond: Shaping New Paradigm With Innovation And Easier Regulatory Processes

News 18  

Recently, Union Health Minister, Mansukh Mandaviya highlighted that research and innovation are necessary for the sustained growth of the pharmaceuticals sector. In line with this, the government has initiated various steps such as pharma innovation, new programme to promote research and innovation in pharmaceuticals is being taken up through Centres of Excellences While India’s pharma industry has progressed by leaps …

A shot for science: The Hindu Editorial on budget allocation for Ministry of Science & Technology
1 year, 10 months ago

A shot for science: The Hindu Editorial on budget allocation for Ministry of Science & Technology

The Hindu  

The Budget speech in the year preceding a general election is usually one that seeks to appease as wide a swathe of society as possible. The Deep Ocean mission — which includes among other components developing a deep-submersible vehicle — and the National Research Foundation have got substantially higher hikes than in previous years, a sign that they are the …

Budget 2023 | Marginal increase of 3.43% for health, research budget slashed by 6.87%
1 year, 10 months ago

Budget 2023 | Marginal increase of 3.43% for health, research budget slashed by 6.87%

The Hindu  

The Union Budget 2023-24 has announced an allocation of ₹89,155 crore for the Ministry of Health, which is 3.43% higher than its FY23 outlay of ₹86,200.65 crore. Of the ₹89,155 crore outlay, ₹86,175 crore has been earmarked for the Department of Health and Family Welfare and ₹2,980 crore for the Department of Health Research. As compared to FY22-23 when ₹3,200 …

New programme to promote research in pharma: FM Nirmala Sitharaman
1 year, 10 months ago

New programme to promote research in pharma: FM Nirmala Sitharaman

Hindustan Times  

Finance Minister Nirmala Sitharaman on Wednesday announced launch of a new programme to promote research in pharmaceuticals with a view to promoting growth of the sector. Union Finance Minister Nirmala Sitharaman carrying the tablet leaves from the Ministry of Finance to present and read out the Union Budget 2023 at the Parliament, at North Block, in New Delhi on Wednesday. …

Budget 2023: Healthcare sector hopes for increased government spending
1 year, 10 months ago

Budget 2023: Healthcare sector hopes for increased government spending

India TV News  

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Union Budget 2023-24: Will Budget provide a booster dose for Indian pharmaceutical industry?

Firstpost  

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Budget 2023 expectations: What does THESE leading corporates expect?

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What pharmaceutical India has accomplished in 2022: What to expect in 2023?

Live Mint  

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Coming Soon: Research-linked Incentive Scheme to Rejuvenate Global Image of Indian Pharma Market
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News 18  

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Budget 2022: These stocks are likely to benefit from Sitharaman’s announcements
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3 years, 10 months ago

Budget 2021: Why R&D needs much needed push

India TV News  

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Budget 2021: What startups expect from Modi sarkar
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Budget 2021: What startups expect from Modi sarkar

India TV News  

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India TV News  

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