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flag India launches ₹10,000 crore Biopharma Shakti plan to boost biologics manufacturing and self-reliance.

flag Finance Minister Nirmala Sitharaman announced a ₹10,000 crore, five-year Biopharma Shakti initiative in the 2026-27 Union Budget to boost India’s biopharmaceutical sector, focusing on biologics, biosimilars, and advanced therapies for chronic diseases. flag The plan includes establishing three new National Institutes of Pharmaceutical Education and Research, upgrading seven existing ones, creating over 1,000 accredited clinical trial sites, and strengthening regulatory oversight through the CDSCO. flag Additional measures support semiconductor manufacturing, critical mineral development in Odisha, Kerala, Andhra Pradesh, and Tamil Nadu, and expanded infrastructure for medical electronics and textiles. flag The budget emphasizes inclusive growth, innovation, and self-reliance across strategic sectors.

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