MoCF issued the Operational Guidelines of the Scheme for Promotion of Research and Innovation in Pharma MedTech (PRIP) Sector

Oct 26, 2023 | by TeamLease RegTech Legal Research Team

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Industry Specific ComplianceThe Ministry of Chemicals and Fertilizers (MoCF) on October 25, 2023, issued the Operational Guidelines of the Scheme for Promotion of Research and Innovation in Pharma MedTech (PRIP) Sector.

The objective of the scheme is to encourage industry to invest in R&D in ‘Priority areas’ and to inculcate the culture of quality research and nurture the pool of scientists in the country by promoting industry-academia linkage, which will lead to sustained global competitive advantage and contribute to quality employment generation in the country.

It is proposed to establish Centres of Excellences (CoEs) at the seven existing National Institutes of Pharmaceutical Education & Research (NIPERs) at SAS Nagar (Mohali), Ahmedabad, Hyderabad, Guwahati, Kolkata, Hajipur and Raebareli at a tentative cost of Rs. 700 cr over a period of five years.

Please refer to the document attached below for more details.


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