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Industry Specific- Pharma Central Ministry of Chemicals and Fertilizers Pharmacy Act, 1948

Operational Guidelines of the Scheme for Promotion of Research and Innovation in Pharma MedTech (PRIP) Sector

01-Oct-2023 | NA

Department of Pharmaceuticals has issued Operational Guidelines for the Scheme for Promotion of Research and Innovation in Pharma MedTech (PRIP) Sector. Here are the key points:

Objectives: The main objectives of the scheme are:

Encourage industry investment in Research and Development (R&D) in priority areas.
Foster a culture of quality research and nurture a pool of scientists in the country.
Promote industry-academia linkage, leading to sustained global competitive advantage.
Contribute to quality employment generation in the country.

Components: The scheme comprises two main components:

Component A:

Establish Centers of Excellence (CoEs) at seven existing National Institutes of Pharmaceutical Education & Research (NIPERs) in locations like SAS Nagar (Mohali), Ahmedabad, Hyderabad, Guwahati, Kolkata, Hajipur, and Raebareli.
The tentative cost for this component is Rs. 700 crores over five years.

Component B:

Promotion of Research in Pharma MedTech sector.
This component aims to provide financial assistance to promote R&D in six priority areas specified in Appendix-III of the guidelines.

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