Bharat Biotech founder bats for incentives, tax breaks for patented products, innovation

Bharat Biotech founder Dr Krishna Ella on Friday batted for "research linked incentives" and tax breaks for new products based on breakthrough and patented innovation done within the country. He was speaking to reporters on the sidelines of the 72nd Indian Pharmaceutical Conference underway here.

"Research linked incentive for Indian companies is very important. I would request the ministry to give tax breaks to any product that is created from patent filed in India. It will inspire entrepreneurs to go for innovation," he said.

Speaking at the 72nd IPC here earlier in the day, Drugs Controller General of India Dr V G Somani had said the Centre was all set to introduce a research linked incentive programme shaped on the lines of the production linked incentive (PLI) scheme to boost research and development of biotech products in the country.