Set up Rs 10-bn pharma technology upgradation fund: Dr Rajeev Boudhankar

With advancement in technology and our current government supporting promoting healthcare and pharma industry, the upcoming 2017-18 budget has lot of expectation to boast the industry.

Priority sector status to healthcare including hospitals and diagnostics centres along with tax benefits is not enough from investments' point of view hence budget should make the announcement on providing infrastructure status to the hospital industry. The healthcare expenditure should increase to 5 percent of the GDP in next 5 years. 

Government should allow weighted deduction of 350 percent on approved expenditure incurred on R&D activities pertaining to indigenous development of medical technology, biotechnology. Exempt from