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National Current Affairs July 1st Week 2017
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1. Union Government launches National Biopharma Mission.

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The Union Ministry of Science & Technology has launched National Biopharma Mission, a first ever Industry-Academia mission to accelerate biopharmaceutical development in India. 

Under this mission, the ministry also launched Innovate in India (i3) program to create an enabling ecosystem to promote entrepreneurship and indigenous manufacturing in the sector.

India has been an active player in the global pharmaceutical industry and has contributed towards making life saving drugs and low cost pharmaceutical products accessible at affordable rates. Despite, these advances, Indian biopharmaceutical industry is still 10-15 years behind their counterparts in the developed countries and faces stiff competition from Korea, China and others. 

The lacuna primarily exists due to disconnected centers of excellence, less focus on translational research and uncertain funding. So there was an immediate need to consolidated efforts to promote product discovery, translational research and early stage manufacturing in the country to ensure inclusive innovation.