8th April, 2003
Ministry of Chemicals & Fertilizers  


R&D IN DRUG INDUSTRY


LOK SABHA

In February, 2002, the Government have announed the ‘Pharmaceutical Policy – 2002’, which includes in principle approval to the establishment of the Pharmaceutical Research & Development Support fund (PRDSF) under the administrative control of Department of Science & Technology, which will also constitute a Drug Development Promotion Board (DDPB) on the lines of the Technology Development Board (TDB) to administer the utilization of the PRDSF. Department of Science & Technology has made a provision of Rs.150 crores in the 10th Plan. Necessary budget provision has been made in the demands for grants of Department of Science & Technology for 2003-04. No disbursement of Fund has been made so far from this provision recently made.

This information was given by the Minister of State for Chiemicals & Fertilizers, Dr. Chhattra Pal Singh, in a written reply to a question in the Lok Sabha today.