Professional Documents
Culture Documents
Budget 2023 - Pharmaceuticals
Budget 2023 - Pharmaceuticals
Posted On:
01 FEB 2023 1:31PM by PIB Delhi
With a view to envision a prosperous and inclusive India, in which the fruits of development reach all
regions and citizens, especially our youth, women, farmers, OBCs, Scheduled Castes and Scheduled
Tribes, Union Minister for Finance and Corporate Affairs, Smt Nirmala Sitharaman presented Union
Budget 2023-24 in Parliament, here today.
In line with this vision of India@100 and Amrit Kaal, the Finance Minister announced establishment
of 157 new nursing colleges in co-location with the existing 157 medical colleges, established since
2014.
To promote research in medical sector and innovation, the Finance Minister said that facilities in
select ICMR Labs will be made available for public and private medical college faculty and private
sector R&D teams.
A new programme to promote research and innovation in pharmaceuticals will be taken up through
centers of excellence, the Finance Minister announced. “We shall also encourage industry to invest in
research and development in specific priority areas”, she added.
****
RM/MV/M/PS