New Delhi, March 10 -- The government has sought expressions of interest (EoI) for research & development (R&D) projects to develop novel technologies in medicine, including medical devices and drugs for communicable and non-communicable diseases.

The focus will be on drug discovery for hypertension, lung disease, cancer, diabetes and rare diseases. The EoIs have been floated by the department of pharmaceuticals, under the ministry of chemical and fertilizers for its scheme called Promotion of Research and Innovation in Pharma MedTech Sector (PRIP).

PRIP aims to transform India into a global powerhouse for R&D in the pharma and MedTech sector, with a total financial outlay of Rs.5,000 crore - made up of two components.

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