FM Sitharaman Unveils 'Biopharma Shakti' with Rs 10,000 Crore Boost for Pharma Sector
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Moneycontrol•01-02-2026, 12:00
FM Sitharaman Unveils 'Biopharma Shakti' with Rs 10,000 Crore Boost for Pharma Sector
- •Finance Minister Nirmala Sitharaman announced a Rs 10,000 crore outlay over five years for "Biopharma Shakti" in Budget 2026.
- •The program aims to boost domestic production of biologics and biosimilars, reducing import dependence.
- •It includes creating a biopharma-focused institutional network with three new NIPERs and upgrading seven existing ones.
- •Focus areas are health advancement through knowledge, technology, and innovation, addressing non-communicable diseases.
- •Plans also include 1,000 accredited clinical trial sites and strengthening the Central Drug Standard Control Organisation.
Why It Matters: Biopharma Shakti will invest Rs 10,000 crore to make India a global biopharma manufacturing hub.
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