Government approves ₹1,600 crore for 41 pharma and medtech innovation projects under PRIP first round

The government has approved ₹1,600 crore in funding for 41 pharmaceutical and medical technology innovation projects under the first round of the Production-Linked Incentive Scheme (PRIP).

The projects span the pharma and medtech sectors, aimed at boosting domestic innovation and manufacturing capabilities in these strategically important industries.