India Allocates ₹13,000 Crore for Biopharma SHAKTI and Chemical Parks
The Indian government has pledged ₹13,000 crore to support the Bio-Pharma Mission and develop three dedicated chemical parks, aiming to boost the country's footprint in the global chemical sector. This initiative, highlighted by Union Minister of Chemicals and Fertilisers Shri J P Nadda, seeks to leverage India’s strengths in generics and transition towards biologics, targeting a global chemical sector share of 5-6% by 2030 and a $1 trillion turnover by 2040.
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