India, Feb. 1 -- image credit- youtube

The Union Budget for 2026-27 was presented by the Finance Minister Nirmala Sitharaman on 1st February 2026.

With an aim to developIndia as a global biopharmamanufacturing hub, the Union Budget has proposed the Bioforma Shakti (Strategy for Modernising Health Services through Knowledge, Technology and Innovation) programme. Under this, Rs 10,000 crore has been earmarked for the next five years. The programmewill create an ecosystem for production of biologicals,products and bio-drugs domestically.

As per the budget, three new National Institutes of Pharmaceutical Education and Research (NIPERs) with a focus on Biopharma, will be built, alongside upgradation of seven existing institutions.

The budg...