Pharma, healthcare industry seeks eased regulations, R&D-based incentives

February 1, 2023by Business Today

The government should adopt measures in the next Union Budget to boost innovation and R&D while also streamlining rules for the sector, PTI quoted pharmaceutical industry associations as saying.

To achieve this vision, the Union Budget 2023-2024 should help fuel innovation and R&D, which will set the pace for propelling the pharmaceutical industry forward,” he told PTI.

To aid in the growth of the pharmaceutical industry, the budget should define supporting policies, streamlined regulations, and straightforward GST requirements, he continued.

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