India Aims for Global Pharma Leadership by 2026: Key Initiatives Unveiled
India Pharma 2026 event: Nadda lays out road map for India to take global pharma leadership role
The Economic TimesImage: The Economic Times
Union Minister J P Nadda announced plans for India to lead in the global pharmaceutical sector during the India Pharma 2026 event. Emphasizing the need for enhanced research, investment, and industry collaboration, he highlighted initiatives like the Biopharma SHAKTI programme to strengthen India's position in biologics and specialty medicines.
- 01India is positioned to lead in biologics and specialty medicines.
- 02The government is focusing on enhancing research capabilities and investments.
- 03The Biopharma SHAKTI programme has a budget of ₹10,000 crore (approximately $1.2 billion USD).
- 04Domestic manufacturers are encouraged to invest in innovative drug development.
- 05A new network of 1,000 clinical trial sites will be established across India.
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During the India Pharma 2026 event on April 13, Union Minister J P Nadda outlined a roadmap for India to become a leader in the global pharmaceutical industry, particularly in biologics and specialty medicines. He stated that India's reputation as the 'pharmacy of the world' stems from its dominance in affordable generic medicines. Nadda emphasized the need for stronger research capabilities, increased investments, and greater industry participation to adapt to the rapidly changing pharmaceutical landscape. The government has introduced several initiatives, including the Biopharma SHAKTI programme, which allocates ₹10,000 crore (approximately $1.2 billion USD) over five years to enhance India's global pharmaceutical standing. Minister of State Anupriya Patel added that the government supports domestic manufacturers in transitioning towards biosimilars and innovative drug development. Furthermore, plans to establish a network of 1,000 clinical trial sites and integrate artificial intelligence into drug discovery processes were announced, aiming to position India as a preferred hub for drug development.
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These initiatives are expected to enhance India's pharmaceutical capabilities, which could lead to job creation and increased investment in the sector.
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