Daily Current Affairs and GK

The first ever Industry-Academia mission to accelerate biopharmaceutical development in the country was formally launched today by Union Science and Technology Minister Harsh Vardhan here.Biopharma mission can bring major change in the healthcare technologies, he said.

'It is time for India to capitalise now on our unique strengths and overcome any hurdles to ensure success in the bio-pharmaceutical market,' Dr Vardhan said.The first ever Industry-Academia mission to accelerate biopharmaceutical development in India has been approved by the Government.

The program named Innovate in India (i3) will witness an investment of USD 250 million with USD 125 million as a loan from World Bank and aspires to create an enabling ecosystem to promote entrepreneurship and indigenous manufacturing in the sector.This Mission of the Department of Biotechnology (DBT), Ministry of Science & Technology will be implemented by Biotechnology Industry Research Assistance Council (BIRAC) - a Public Sector Under