New Delhi, Oct 2 (IANS) The government has called for proposals under the Promotion of Research and Innovation in Pharma-MedTech Sector (PRIP) scheme for industry and startup projects worth about Rs 11,000 crore.

The Department of Pharmaceuticals has invited applications for research and innovation projects under its PRIP scheme, a landmark initiative to transform the sector into a globally competitive, innovation-driven sector.

With an approved outlay of Rs 5,000 crore, the scheme is expected to catalyse a Pharma-MedTech innovation pipeline by supporting around 300 projects involving total R&D investment of about Rs 11,000 crore in new medicines, complex generics, biosimilars and novel medical devices.

The Department has notified amendments to the scheme as notified earlier and issued

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