PR No – 76
1st February 2026
New Delhi
The Union Budget 2026 proposes an allocation of ₹10,000 crore over five years under the Biopharma Shakti programme to strengthen domestic manufacturing of biologics and biosimilars. This will create the right ecosystem to shift India’s image from a Generic Hub to an Innovative Hub for the world. The initiative includes a dedicated biopharma institutional ecosystem with 3 new NIPERs and upgradation of 7 existing NIPERs, supporting advanced research, skill development, and building a future-ready pool for Young India. The BCD exemption for 17 cancer drugs and medicines for 7 rare diseases, including Food for Special Medical Purposes, will directly benefit public health.
Shri Abhay Kumar Shrivastava Chair PHDCCI Pharmaceutical Manufacturing Committee
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Warm Regards,
Media Division
PHD Chamber of Commerce and Industry