Fund for pharma R&D proposed
The Pioneer
Tuesday, January 13, 2004
Indraprasth (Pioneer News service) -
Five years after the conception of
the Pharmaceutical Research and
Development Committee, the Department
of Science and Technology is finally
putting forth a proposal before the
Union Cabinet for the establishment
of a Pharmaceutical Research and
Development Support Fund (PRDSF).
The committee was set up in 1999 to
recommend measures to strengthen the
research and development capability
of the pharmaceutical industry in the
country and for identifying the
support required by the Indian
Pharmaceutical Companies (IPC) to
undertake domestic research. For the
year 2003-04, Rs 150 crore have been
provided as a corpus for the PRDSF
and Rs 10 crore for supporting the
on-going activities.
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