PRIP Scheme : Approved
The Union Cabinet approved the Promotion of Research & Innovation in Pharma-MedTech sector (PRIP) scheme.
- The scheme has an outlay of ₹5,000 crore for five years, from 2023-24 to 2027-28.
- Promotion of Research & Innovation in Pharma-MedTech sector (PRIP) scheme launched in 2023.
- Ministry: Ministry of Chemicals and Fertilizers.
- Objectives is to transform the Indian Pharma MedTech sector from cost-based to innovation-based growth by strengthening the research infrastructure in the country.
- The scheme promotes industry-academia linkage for R&D in priority areas to inculcate the culture of quality research and nurture our pool of scientists. (Integrated Pharmaceutical Database Management System 2.0)
- The scheme is proposed to have two components as follows:-
- Component A: Strengthening the Research Infrastructure, It will encompass the setting up of Centres of Excellence at the National Institute of Pharmaceutical Education & Research (NIPERs).
- Component B: Promotion of Research in Pharma MedTech sector.
