India, Feb. 23 -- How is innovation enabling India's life sciences R&D ecosystem of talent, infrastructure, and collaboration?

Discussing innovation and India's healthcare and life sciences R&D ecosystem, I believe we have done a commendable job. I would not say that R&D and innovation are non-existent; otherwise, we would not be known as the Pharmacy of the World.

We are also making our presence felt in medical tourism. Innovation has always been there; it is not absent altogether. I would like to call it incremental or operational innovation.

We have focused on creating formulations that can be used by both Indian and global patients. We have also worked towards making our healthcare system incrementally better. However, looking at t...