New Delhi, March 10 -- The Rs 10,000 crore Biopharma SHAKTI scheme would strengthen India's domestic biopharmaceutical ecosystem and enhance global competitiveness in biologics and biosimilars, Minister of State (MoS) for Chemicals and Fertilizers Anupriya Patel said on Tuesday in written reply to a question in the Rajya Sabha.

The MoS said that the initiative is expected to strengthen India's pharmaceutical industry while supporting innovation-driven growth in the biopharma sector.

The Biopharma SHAKTI scheme seeks to boost the development and manufacturing of high-value biopharmaceutical products in India, reduce import dependence and strengthen the country's presence in the global biologics supply chain.

The move comes as India's di...