The government on Tuesday said it was considering forming a venture capital fund of Rs 2,000 crore to promote research and development in the pharmaceutical sector.
“We are talking with Export Import Bank for this," Commerce Minister Anand Sharma told reporters in New Delhi.
Sharma was reviewing the pharma sector with industry representatives and government secretaries.
In the meeting, the pharma industry representatives raised issues like problems in getting approvals from the health ministry.
Sharma said all the concerns of the industry will be discussed by a committee of secretaries.
