NITI Aayog CEO Amitabh Kant has said that India, a global hub for generic drugs manufacturing, has launched a new scheme to boost production of active pharmaceutical ingredients that are greatly dependent on the Chinese supply chain. He said the country is now gearing up for innovation in its pharmaceutical ecosystem focusing on speedy and scaled up delivery of new vaccines and personalised medicines.
Kant said the Indian government is committed to achieve its 'Pharma Vision 2020', which aims to make the country a global leader in drug discovery, innovation, and drug manufacturing. He noted that India is working towards robust innovation landscape awareness, innovation facilitators such as human capital investment in research and development, safety-legal environment, regulatory environment to provide truly world class biopharma research.
NITI Aayog CEO further said the government has carried out far-reaching reforms to streamline the clinical trial and regulatory approval process to facilitate drug discovery in partnership with the private sector. He said bio incubators have been set up to monitor and nurture scaling of technologies. India is developing world class clinical trial infrastructure to increase the number of beds per thousand population.
Start Research-backed Investing ...Now. Subscribe to Sapphire
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: