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‘Scheme to promote innovation in pharma, medtech sectors to be launched this month’
Millennium Post Delhi
|New Delhi 17SEptember2025
NEW DELHI: The government is looking to formally launch a scheme to promote innovation in the pharmaceutical and medtech sectors within this month, Department of Pharmaceuticals Secretary Amit Agrawal said on Tuesday.
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‘The Promotion of Research and Innovation in Pharma MedTech sector (PRIP) scheme was notified on August 17, 2023, with a total financial outlay of Rs 5,000 crore, of which Rs 4,250 crore is focused on accelerating investments in the R&D ecosystem within the sector.
“We are focusing in a very big way now on innovation in India. So we have a scheme (PRIP) which was announced some time ago, but we hope to launch that scheme within this month,’ Agrawal said while speaking at the APACMed event here.
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