ReferIndia News India’s Pharma and MedTech Innovation Scheme Set for Launch

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India’s Pharma and MedTech Innovation Scheme Set for Launch

Published on: Sept. 16, 2025, 1:37 p.m. | Source: Devdiscourse

The Indian government aims to launch the Promotion of Research and Innovation in Pharma MedTech (PRIP) scheme this month. With a Rs 5,000 crore budget, the initiative focuses on enhancing the R&D ecosystem. It offers funding support for innovation, covering up to 50% of project costs.

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