R&D IN DRUG INDUSTRY
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.
