What steps can be taken to boost Indian pharma sector's value by 150% to ₹10 lakh crore through partnership with academia
Discussing the potential growth of India's pharma sector by collaborating with academia.
To boost India's pharma sector's value by 150% to ₹10 lakh crore through partnership with academia, several steps can be taken:
- Encourage research collaborations between pharmaceutical companies and academic institutions to develop innovative drugs and technologies.
- Provide funding and resources for joint research projects that focus on addressing healthcare challenges unique to India.
- Establish industry-academia partnerships to facilitate knowledge exchange and skill development in the pharmaceutical sector.
- Promote technology transfer from academia to industry for commercialization of research outcomes.
- Create a supportive regulatory environment that incentivizes collaborative research efforts and promotes faster drug development and approval processes.
- Foster a culture of entrepreneurship and innovation within academia to drive growth in the pharma sector.
Answered
2 months ago