Govt plans Rs 2,000 cr VC fund for pharma

“The government is in the process of appointing a consultant for preparation of a Detailed Project Report in this regard (for developing India as a drug discovery and pharma innovation hub),” Department of Pharmaceuticals, Secretary, Mukul Joshi, told reporters here. The  selection of a consultant would be made by the year-end. Further in a bid to give a fillip to the industry, the government is planning to set up pharma parks.

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