India, March 4 -- The government's budgetary provision of Rs 13,000 crore for BioPharma SHAKTI and the development of three dedicated chemical parks is a strategic investment in India's future, Union Minister for Chemicals and Fertilisers J. P. Nadda said on Wednesday.
Addressing a post-Budget webinar on the theme "Sustaining and Strengthening Economic Growth", Nadda said, as highlighted by Narendra Modi, free trade agreements (FTAs) serve as a gateway to the vision of Viksit Bharat and open new opportunities for Indian industries to expand globally.
Noting that India has earned the reputation of being the "pharmacy of the world" through its generics industry, the minister said nearly 40 per cent of medicines globally are expected to be b...