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The finance minister said facilities in select Indian Council of Medical Research (ICMR) laboratories will be made available for research by public and private medical college faculty members and private sector research and development teams for encouraging collaborative research and innovation.

FM Nirmala Sitharaman said the government will encourage the industry to invest in R&D in specific priority areas.

Details of these sectors are awaited, but funds could be spent on development of vaccines, medical devices and specific drugs, industry experts told TOI.Recommend products to earn commission and dividend income sharing ✌️【Recruitment Platform】✌️Start investing with ₹500 and see your wealth grow rapidly every month.