Budget 2026: BioPharma Shakti to Revolutionize Health Sector, 3 New AIIAs Announced
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News18•01-02-2026, 11:47
Budget 2026: BioPharma Shakti to Revolutionize Health Sector, 3 New AIIAs Announced
- •Finance Minister Nirmala Sitharaman unveiled the BioPharma Shakti scheme with a 10,000 crore rupee outlay over 5 years to transform India's health and pharma sectors.
- •The scheme aims to boost research and development for non-communicable diseases like diabetes, cancer, and autoimmune diseases, establishing 3 new National Institutes.
- •Three new All India Institutes of Ayurveda (AIIA) will be opened across the country to strengthen the AYUSH department and promote traditional medicine.
- •The budget also focuses on making India a global biopharma manufacturing hub, accelerating drug manufacturing, and establishing new higher educational institutions for research.
- •Plans include training 1.50 lakh caregiver personnel in modern technology, encouraging radiology and cancer research, and positioning India as a medical tourism hub.
Why It Matters: Budget 2026 introduces BioPharma Shakti and new AIIAs to boost health, pharma, and medical tourism in India.
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