Govt‑industry partnership key to realise ₹12 lakh crore R&D potential

Goyal urged the pharmaceutical and healthcare sectors to make full use of government schemes such as the Research & Development Innovation Fund. He warned that attaining the goal of a developed economy by 2047 requires India to design its own products and secure patents. Strengthening domestic capacity for active pharmaceutical ingredients and other critical raw materials, as well as expanding bulk drug parks and new industrial zones, were identified as essential steps toward reducing reliance on imports.