Business • Jun 24, 2025

India launches ₹5,000 cr portal to boost pharma & medtech R&D

India just rolled out the PRIP portal—a new government push to ramp up research and innovation in pharma and medical tech.
Backed by a ₹5,000-crore plan, this move aims to help India catch up in R&D spending, where it still trails behind giants like the US and China.

TL;DR

PRIP portal to set up Centers of Excellence

The PRIP portal will set up Centers of Excellence at top pharma institutes and offer serious funding—up to ₹125 crore for companies and ₹1 crore for startups hitting key milestones.
The focus is on big-impact areas like drug discovery and rare disease treatments, all part of India's goal to become a global innovation hub by 2028.