The Cabinet Committee on Economic Affairs has given its approval for Industry-Academia Collaborative Mission for accelerating discovery and research to early development for biopharmaceuticals.

The Mission will be implemented by the Biotechnology Industry Research Assistance Council, a Public Sector Undertaking of Department of Biotechnology.

It will be a Pan-India program and help in preparing India’s technological and product development capabilities in the bio-pharmaceutical sector to a level that it is globally competitive over the next 10-15 years.

It is also intended to transform the health standards of Indian population through affordable product development.