Budget 2026-27 announced Biopharma SHAKTI (Strategy for Healthcare Advancement through Knowledge, Technology and Innovation) with ₹10,000 crore over 5 years. The initiative targets domestic production of biologics and biosimilars for non-communicable diseases like cancer, diabetes, and autoimmune disorders. Key components: establishment of 3 new National Institutes of Pharmaceutical Education and Research (NIPER) and upgrading 7 existing ones; creation of a network of over 1,000 accredited Indian Clinical Trials sites; strengthening of CDSCO with a dedicated scientific review cadre to meet global approval timeframes. The scheme aims to position India as a global biopharma manufacturing hub, building on the country's existing strength as the 'pharmacy of the world' in generic medicines.