The Economic Times

Budget 2026: Sitharaman launches 'Biopharma Shakti' with a Rs 10,000-crore bet to heal India, power manufacturing

Union Budget 2026: With the announcement of the 'Biopharma Shakti' initiative, India is gearing up to take the world stage in biopharmaceutical manufacturing. Finance Minister Nirmala Sitharaman revealed plans to inject Rs 10,000 crore into this sector over the next five years. This initiative will significantly enhance domestic production of biologics and biosimilars.