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India launches ₹10,000 crore Biopharma Shakti plan to boost biologics manufacturing and self-reliance.
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.
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.
Additional measures support semiconductor manufacturing, critical mineral development in Odisha, Kerala, Andhra Pradesh, and Tamil Nadu, and expanded infrastructure for medical electronics and textiles.
The budget emphasizes inclusive growth, innovation, and self-reliance across strategic sectors.
India lanza el plan Biopharma Shakti de ₹10,000 crores para impulsar la fabricación de productos biológicos y la autosuficiencia.