Ministry: Ministry of Science and Technology
Aims to make capabilities in biopharmaceuticals to be globally competitive level over the next decade.
Mission:
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It is an Industry-Academia mission to accelerate biopharmaceutical development in India.
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The mission will be implemented by Biotechnology Industry Research Assistance Council (BIRAC), a PSU of Department of Biotechnology.
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Under it, ministry launched Innovate in India (i3) program to create an enabling ecosystem to promote entrepreneurship and indigenous manufacturing in the sector.
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i3 is a flagship program of the Government of India in collaboration with World Bank.
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It is committed to make India a hub for design and development of novel, affordable and effective biopharmaceutical products and solutions.
Facts:
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Launched in 2017 at total cost of US $250 million for five years with 50% funding through World Bank Loan.
Significance of Mission:
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It will provide a holistic and integrated approach to strengthen and support entire product development value chain for accelerating research leads to product development.
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This will help not only in immediate product development for addressing public health needs, but also help to create ecosystem which will facilitate development of continuous pipeline of products.
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The mission will concentrate on development of specific products such as vaccines, medical devices, biotherapeutics and diagnostics etc.
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Besides, it will also work on establishment of shared infrastructure and facilities.
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It will help in building and strengthening domain specific knowledge and management skills at the same time creating and enhancing technology transfer capabilities in public and private sector.