First Global Innovation Summit

First Global Innovation Summit

Part of: Prelims and GS-III – Innovation; Sci and tech

Context The Indian Prime Minister recently inaugurated the first Global Innovation Summit of the pharmaceuticals sector.

• India must think about increasing domestic manufacturing of key ingredients for vaccines and medicines

Key takeaways

• Every aspect of healthcare has received global attention over the last two years.
• During the pandemic, India exported lifesaving medicines and medical equipment to over 150 countries during the initial phase. 
• India has also exported more than 65 million doses of Covid vaccines to nearly 100 countries this year.
• Policy interventions are being made based on wide consultation with all stakeholders that will create An ecosystem to make India a leader in drug discovery and innovative medical devices.
• The Prime Minister invited the stakeholders to Ideate in India, Innovate in India, Make in India and Make for the World.