New Delhi: 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 revised guid

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