A representative image.
Credit: iStock Photo
The Union Budget 2026-27 proposes Rs 10,000 crore investment in biopharma over the next five years.
The proposal was announced by Union Finance Minister Nirmala Sitharaman in her Budget speech on Sunday.
The Budget announced Semiconductor Mission 2.0 with a focus on producing equipment and materials designed for full-stack Indian IP.
The Budget proposes to set up Rs 10,000 crore to create champion SMEs.
Sitharaman proposed to top up Self Reliance India Fund with Rs 4,000 crore in FY27 to support MSMEs.
She proposed setting up of three dedicated chemical parks to enhance domestic production, reduce import dependency.
The Finance Minister proposed to increase outlay on electronic manufacturing to Rs 40,000 crore in the FY27 budget.
Sitharaman announced establishing critical mineral facilities to support mineral-rich States of Odisha, Kerala, Andhra Pradesh and Tamil Nadu.
High-tech tool rooms will be established at two locations to give push to capital goods manufacturing, said Sitharaman.
The Union Budget proposes interventions in six sectors, including manufacturing, strategic and frontier sectors, healthcare and advanced technology.