Union Budget 2023: A Comprehensive Overview of Healthcare & Pharma Highlights

Union Budget 2023: A Comprehensive Overview of Healthcare & Pharma Highlights

The Union Budget 2023, announced by Finance Minister Nirmala Sitharaman, made provisions for increased funding for the pharma industry, with a total of Rs 1,250 crore for FY2023-24. The areas where the funds will be used are yet to be revealed. It is expected that the focus will be on promoting pharma research and encouraging joint public-private medical research at ICMR labs.

Here are the key takeaways:

  • Public and private medical faculties will have access to select ICMR labs for research
  • 157 new nursing colleges are set to be established across various core locations.
  • As part of a mission to completely eradicate Sickle Cell Anemia by 2047, awareness campaigns and universal screening of 7 crore individuals aged 0-40 will be conducted.
  • Dedicated multidisciplinary courses will be implemented in educational institutions to build a skilled workforce for advanced medical technologies and high-end manufacturing and research.
  • The government is also establishing three Centres of Excellence for AI to enable 'Make AI in India' and 'Make AI Work in India', thereby enhancing India's digital capabilities.
  • The introduction of a National Data Governance Policy will enable access to anonymised data.

Source: Express Healthcare

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