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Mahesh

27/09/23 06:48 AM IST

Promotion of Research and Innovation in Pharma MedTech Sector

In News
  • Union Health Minister Dr Mansukh Mandaviya introduced the Scheme for the promotion of Research and Innovation in the Pharma MedTech Sector (PRIP).
Features
  • The scheme has two components-
  • Component A: Strengthening the research infrastructure by establishment of 7 CoEs at NIPERs-These CoEs would be set up in pre identified areas with a financial outlay of Rs 700 Crores.
  • Component B: Promoting research in pharmaceutical sector by encouraging research in six priority areas like New Chemical Entities, Complex generics including biosimilars, medical devices, stem cell therapy, orphan drugs, Anti-microbial resistance etc., wherein financial assistance will be provided for the Industries, MSME, SME, Startups working with government institutes and for both in- house and academic research. The component has a financial outlay of Rs.4250 Crores.
Benefits of the scheme-
  • Development of Research Infrastructure- The scheme would help in building a world class research atmosphere at NIPERs and other institutes and help in creating talent pool of qualified trained students.
  • This scheme will promote industry-academia linkages by promoting collaboration between Private sector and Govt. institutes.
  • Focus on certain priority areas which will help India’s pharma industry leapfrog and radically strengthen its position in the world market as innovation accounts for 2/3rd of global pharmaceutical opportunities.
  • The scheme would help in launching of commercially viable products which will accelerate the growth of Indian pharmaceutical sector by increased revenue and creating employment opportunities.
  • The scheme would help in the development of affordable, accessible solution for primary area of health concern thus reducing health care burden.
Source- PIB

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