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Indian government sets up Rs. 100 billion corpus for drug discovery



In an effort to promote India as a hub for new drug development activities, National Institute of Public Finance and Policy (NIPFP) has proposed to set up a Rs. 100 billion corpus to promote R&D. Its initial target will be to raise Rs.30 billion by 2012 under the public-private partnership model(PPP).  According to a white paper, by department of pharmaceuticals India needs to take pro-active four steps which are :- build infrastructure for talent and research, encourage public private partnerships in infrastructure development, provide financial incentives to encourage innovation and providing a favourable regulatory environment.

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