Govt earmarks Rs 1,000 cr for promotion of bulk drug parks

The government has increased the budget for the promotion of bulk drug parks to Rs 1,000 crore for FY25, a significant increase from the previous year. The total outlay for the development of the pharmaceutical industry for FY25 has also been increased to Rs 1,300 crore. Additionally, the budget for the promotion of medical device parks has been raised to Rs 150 crore for FY25. The allocation for assistance to medical device clusters for common facilities has also been increased to Rs 40 crore.
Source: The Economic Times Healthcare and Biotech News - Category: Pharmaceuticals Source Type: news