(a) whether the Government proposes to set up a Venture capital fund for supporting the drug discovery and research infrastructure;
(b) the present situation in respect of drugs discovery and research in our country vis-a-vis other countries;
(c) whether the proposed fund will be in the public private-partnership model; and
(d) if so, the amount involved thereof?
MINISTER OF STATE IN THE MINISTRY OF CHEMICALS AND FERTILIZERS (SHRI SRIKANT KUMAR JENA)
(a) to (d): The Department of Pharmaceutical (DoP) is in the process of examining a proposal
to set up a Venture Fund for promoting Pharma drug discovery and innovation. Details including
size etc. are being worked out with the help of National Institute of Public Finance and Policy.