- A budget 2026-27 scheme focusing on transforming India into a biomanufacturing hub.
- The initiative, with a ₹10,000 crore, five-year outlay, focuses on making India a global innovator.
- Biopharma involves the production, manufacturing, or extraction of therapies through biological organisms, such as human cells, fungi, or microbes.
- Will help in capturing 5% of the global biopharmaceutical market share.
- Examples of biopharmaceuticals include vaccines, antibody treatments, gene therapies, cell implants, modern insulin, and recombinant protein drugs.
- Establishment of National Institutes of Pharmaceutical Education and Research (NIPERs) and the upgradation of seven existing NIPERs to strengthen the scheme.
- Creation of a large-scale clinical research ecosystem.
- Enhancing the capacity of the Central Drugs Standard Control Organisation (CDSCO)
Central Drugs Standard Control Organisation (CDSCO)
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Source: The Hindu