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The Economic Times
The Economic Times
Business

Biocon founder Kiran Mazumdar Shaw says India must shift pharma industry from generics to innovation-led growth

Biocon India

New Delhi: India must move beyond its success in generic medicines and build an innovation-led pharmaceutical industry by strengthening research, speeding up regulatory approvals and consistently investing in new drug development, Biocon and Syngene International Executive Chairperson Kiran Mazumdar-Shaw said on Tuesday.

Speaking virtually at the Indian Foundation for Quality Management (IFQM) Symposium 2026, Mazumdar-Shaw said India had the talent and capabilities to take innovations from laboratories to clinical development and commercial markets, but needed a credible ecosystem to compete with global leaders.

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