UP to become a global pharma and medical devices hub as Nirmala Sitharaman announces BioPharma Shakti Fund in Budget 2026-27. Lucknow Pharma Conclave 1.0 brings investors and industry leaders together.
Uttar Pradesh is set to become a major hub for pharmaceuticals and medical devices following the announcement of the BioPharma Shakti Program by Union Finance Minister Nirmala Sitharaman in the Budget 2026-27. The Chief Minister of UP, Yogi Adityanath, quickly seized the opportunity to accelerate the state’s initiatives in this strategic sector.
The BioPharma Shakti Program has been allocated ₹10,000 crore over the next five years, aimed at boosting domestic production of biologics, biosimilars, and related pharmaceutical products. The central announcement has energized Uttar Pradesh, which is now actively positioning itself as a key center for pharma and medical devices in India.
Lucknow Pharma Conclave 1.0
As part of this initiative, Lucknow is hosting the Pharma Conclave 1.0: Investment Opportunities in Uttar Pradesh at the prestigious Taj Hotel. The event will be inaugurated by CM Yogi Adityanath and is jointly organized by the Uttar Pradesh Food Safety & Drug Administration (FSSAI) and Invest UP.
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Several dignitaries, including Union Health Minister Jagat Prakash Nadda via video message, Deputy Chief Minister Brajesh Pathak, multiple cabinet and state ministers, and other prominent personalities, are attending the event. The conclave has attracted top leaders from India’s pharmaceutical industry, including Dilip Sanghvi (Chairman, Sun Pharma), Pankaj R. Patel (Chairman, Zydus Pharma), Ramesh Juneja (Chairman, Mankind Pharma), Dr. Satish Reddy (Chairman, Dr. Reddy’s Laboratories), Jinal Mehta (Vice Chairman, Torrent Pharma), and Ayodhya Rami Reddy (Chairman, Ramky Group), among others.
Step Towards a $1 Trillion Economy
Industry leaders at the conclave will discuss investment, production, research, innovation, and policy frameworks. According to FSSAI Commissioner Dr. Roshan Jacob, under CM Yogi Adityanath’s leadership, UP aims to build a $1 trillion economy, with the pharma and medical devices sector serving as its backbone. Investor-friendly policies, robust infrastructure, and a vast consumer market make the state highly attractive for domestic and global investors.
CM Yogi Adityanath: “UP is Ready”
Earlier, CM Yogi praised the central budget, calling it a symbol of hope and ambition. He emphasized that the BioPharma fund will help India become a global hub and that Uttar Pradesh is already prepared to lead the way. The CM highlighted that the conclave will foster new investments, partnerships, and employment opportunities, offering high-level jobs to local youth.
Experts believe that this event marks a historic step for Uttar Pradesh’s pharma sector, where the central budget announcement and the proactive state government initiatives together will strengthen India’s healthcare and pharmaceutical ecosystem.
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