‘The budget has generated a lot of positivity and optimism’

There have been a couple of tangible measures announced for the healthcare, pharma and biotech sectors which justifies the positive buzz for these sectors. For instance, the proposal to set up 12 new medical colleges, plus an AIIMS in every state, will add to the healthcare talent pool.

The proposal to set up a Rs 10,000 crore venture capital fund for start-ups, incubators and accelerators, should also have a positive impact on this sector as it should encourage technology start ups and thus create more job opportunities. For instance, Bangalore could possibly become the hub for mobile/ mobile application development in the healthcare sector, opening up new avenue for job creation.

A proposal which will have a more direct positive impact is the creation of two new biotech clusters in Pune and Kolkata as well as the scaling up of two existing biotech hubs, at Bangalore and Faridabad and this will again create exciting job opportunities in these cities.

The Finance Minister has also proposed global partnerships to transform The International Centre for Genetic Engineering and Biotechnology (ICGEB, New Delhi) into a world-class centre for excellence genetic and biotech Research.

– V Suresh, Executive Vice President & National Head – Sales, Naukri.com