250 million$ Biotechnology Program to Innovate in India

In a bid to create a globally competitive biopharmaceutical industry that addresses the country’s major concerns around barriers to affordable healthcare, Hon’ble Minister Dr. Harsh Vardhan, Union Minister of Science & Technology launched the Innovate in India (I3) program.  The 250 million USD program of the Department of Biotechnology (DBT), Ministry of science & technology; is a first- of-its-kind mission that brings together industry and academia to promote entrepreneurship and indigenous manufacturing in the biopharmaceutical sector. This flagship program of the GOI in collaboration with World Bank, will be implemented by Biotechnology Industry Research Assistance Council (BIRAC), a Public Sector Enterprise, set up by DBT.

The mission was launched in the presence of Dr. K. VijayRaghavan, Secretary, Department of Biotechnology; Junaid Ahmad, Country Director, World Bank India; dignitaries from the concerned Ministries: Dr. Soumya Swaminathan, DG- ICMR; Dr. J.P Prakash; Secretary Department of Pharmaceuticals, Dr. GN Singh DCGI and DBT officials.

The Hon’ble Minister Dr. Harsh Vardhan stated “This Mission is anticipated to be a game changer for the Indian Biopharmaceutical industry. It aspires to create an enabling ecosystem to promote entrepreneurship and indigenous manufacturing in the sector”. The programme will specifically focus on the development of new vaccines, bio-therapeutics, …

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