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Recent Current Affairs related to Pharma

8 News
3 July 2026 REPORTS

According to the 8th edition of the 'Trade Watch Quarterly (TWQ)' released by the NITI Aayog for Q4 FY26, the total merchandise and services trade of India expanded by 5.4% to $1.84 trillion.

The report states that the global pharmaceutical market recorded a demand of $1.3 trillion in 2025. India's pharmaceutical sector contributes over 1.7% to the national Gross Domestic Product (GDP) and 7.2% to the manufacturing Gross Value Added (GVA).

15 June 2026 NATIONAL

PM Narendra Modi has visited Gujarat, where he inaugurated and laid the foundation stone for various development projects in Surat worth ₹18,800 crore, aimed at strengthening road connectivity, power infrastructure, and industrial development.

He also virtually inaugurated the first ‘World Yogasana Championship’ in Ahmedabad, which is recognised as a UNESCO World Heritage City.

Key projects include Packages VI and VII of the Vadodara-Mumbai Expressway, a 200-bed Employees’ State Insurance Corporation (ESIC) Hospital, a transmission network expansion project, and Chemical and Bulk Drug Zone projects in Valsad and Bharuch.

9 May 2026 AGREEMENTS

The National Institute of Pharmaceutical Education and Research (NIPER) in Raebareli has signed an MoU, a Confidential Disclosure Agreement (CDA), and a Technology Transfer Agreement with the Hyderabad-based Lofty Laboratories.

The collaboration aims to promote research, innovation, and technology commercialisation to strengthen the ties between academia and industry in the pharmaceutical and biotechnology sectors.

16 April 2026 AGREEMENTS

The National Institute of Pharmaceutical Education and Research (NIPER) in Mohali has signed a grant agreement with Novartis Healthcare Pvt Ltd (NHPL) to implement the “Development Pioneer Grant”.

The initiative aims to strengthen industry-academia synergy by providing financial backing for research-oriented projects. It will also support faculty research and enhance innovation and Research and Development (R&D) capabilities at the institute.

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