02-15-2008, 09:57 PM
<b>Pharma industry should take advantage of R&D Fund: Sibal</b>
Feb 15, 2008
Union Science and Technology Minister Kapil Sibal Friday called upon the Indian pharmaceutical industry to take full benefit of the Research and Development Fund set up by the Government.
Addressing the inaugural function of the First Pharma Development Summit in Mumbai, Mr Sibal said that research and development was the key to the future growth of pharma industry and the sector offered ample scope for collaborative research through public-private partnership.
The Minister pointed out that the industry never responded adequately to the Governmentâs initiatives and said that in case they had any suggestions he would be happy to incorporate them.
Mr Sibal said that the publicly-funded institutes spend over Rs 1,000 crore on research every year and called upon the smaller biotech and pharma companies to come forward and take advantage of this infrastructure.
Feb 15, 2008
Union Science and Technology Minister Kapil Sibal Friday called upon the Indian pharmaceutical industry to take full benefit of the Research and Development Fund set up by the Government.
Addressing the inaugural function of the First Pharma Development Summit in Mumbai, Mr Sibal said that research and development was the key to the future growth of pharma industry and the sector offered ample scope for collaborative research through public-private partnership.
The Minister pointed out that the industry never responded adequately to the Governmentâs initiatives and said that in case they had any suggestions he would be happy to incorporate them.
Mr Sibal said that the publicly-funded institutes spend over Rs 1,000 crore on research every year and called upon the smaller biotech and pharma companies to come forward and take advantage of this infrastructure.