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NITI Aayog proposes pharma chapter for future FTAs, urges India to move up value chain
NITI Aayog has proposed a comprehensive blueprint for free trade agreements (FTAs) aimed at enhancing regulatory predictability in India's pharmaceutical sector. This initiative is crucial as it encourages India to transition towards high-value pharmaceutical segments and emphasizes the importance of industry-academia collaboration for patent commercialization and startup incubation. By focusing on deeptech innovation, India seeks to solidify its position as a global hub for pharmaceutical innovation, moving beyond its current status as the 'pharmacy of the world.'
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