Speaking at a CII event, the minister said the country was able to quickly build up the capacity for testing, reflecting its efforts towards self-reliance. Also, today various countries are looking at India for the supply of vaccines.
Even the actual allocation for the ministry of health and family welfare has been raised by 9.6% for FY22 and that of the Ayush ministry by a whopping 40%, she had said.Finance minister Nirmala Sitharaman on Monday said the government has supported over 3,500 start-ups and small businesses, and 55 bio-incubators in the wake of the Covid-19 outbreak, creating a pool of intellectuals in the biotech sector. Over 200 new products have been introduced in the market in recent months, thanks to the joint endeavour of the government and the private sector.
Speaking at a CII event, the minister said the country was able to quickly build up the capacity for testing, reflecting its efforts towards self-reliance. Also, today various countries are looking at India for the supply of vaccines.
In the Budget for FY22, the government has raised the spending on health and well-being by as much as 137% to Rs 2.24 lakh crore in FY22. The minister had earlier justified the inclusion of water and sanitation in health expenditure to show more than doubling of spending on that head by citing a World Health Organization (WHO) report that sanitisation was a crucial component of healthcare.
Even the actual allocation for the ministry of health and family welfare has been raised by 9.6% for FY22 and that of the Ayush ministry by a whopping 40%, she had said.
https://www.financialexpress.com/industry/fm-outlines-govts-boost-to-biotech-sector/2204371/
