The department of pharmaceuticals has drafted 'Vision 2020' document for the pharmaceutical industry, envisaging five lakh jobs in four years, mobilising huge investments and turning the country into one of the top five global innovation hubs.

This would involve an investment of Rs 5,000-10,000 crore, including substantial contribution from the private pharma industry under the public private partnership (PPP) model, according to chemicals and fertilisers minister Ram Vilas Paswan. The proposal has been sent to Prime Minister Dr Manmohan Singh for approval and would be implemented within a few months from now.

"The present state of infrastructure and R&D of the pharma industry in the country is rather weak. We need to bolster it immediately. Once this proposal comes through, India will become a global pharma hub. Five of 10 drugs being discovered in the world will be in India. We will also ensure patenting of our own drugs," Paswan said.

One of the major focused areas will be the neglected diseases and at least Rs 5,000 crore, including 50 per cent of contribution from the private sector, would be spent in the area, especially to develop new drugs against diseases like malaria. Private players would initially hesitate to make such large investments, so the government has decided to take the lead by investing around half the estimated budget initially for a period of two-three years, department officials said.

Global consultancy firm Mckinsey has helped the department in formulating the entire programme. The opinion of 15 private pharmaceutical companies was solicited before making any progress on the concept paper.