India to Become Bio-Pharma Hub: Sitharaman Allocates ₹10,000 Crore for 'BioPharma Shakti'
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News18•01-02-2026, 11:45
India to Become Bio-Pharma Hub: Sitharaman Allocates ₹10,000 Crore for 'BioPharma Shakti'
- •Finance Minister Nirmala Sitharaman presented the Union Budget for the 2026-27 financial year.
- •₹10,000 crore has been allocated for the 'BioPharma Shakti' project, aiming to make India a bio-pharma hub.
- •₹40,000 crore will be allocated for 'Semiconductor Mission 2.0' to advance the semiconductor sector, with focus on Andhra Pradesh, Kerala, and Tamil Nadu.
- •Mega textile parks will be established, and the budget emphasizes infrastructure development, economic reforms, and future growth.
- •This is Nirmala Sitharaman's ninth budget presentation and third since the BJP-led NDA government came to power for the third time in 2024.
Why It Matters: India aims to become a bio-pharma hub with a ₹10,000 crore allocation, alongside significant tech and textile investments.
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