Budget 2026: India to Become Biopharma Powerhouse with ₹10,000 Crore 'Biopharma Shakti' Scheme
Budget
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CNBC Awaaz•01-02-2026, 11:27
Budget 2026: India to Become Biopharma Powerhouse with ₹10,000 Crore 'Biopharma Shakti' Scheme
- •Finance Minister Nirmala Sitharaman unveiled the 'Biopharma Shakti' scheme with a ₹10,000 crore proposal over five years.
- •The initiative aims to establish India as a global biopharma manufacturing hub, focusing on biologics for modern treatment.
- •Special emphasis will be placed on biopharma-centric networks to boost research, production, and innovation.
- •The scheme seeks to make medicines for serious diseases more affordable and enhance India's global pharma market presence.
- •Following the announcement, shares of Biocon, Piramal Pharma, Sun Pharma, and Torrent Pharma saw an increase, indicating market approval.
Why It Matters: Budget 2026 introduces 'Biopharma Shakti' to transform India into a global biopharma manufacturing hub.
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