Explanation:

All the statements are correct.
The Union Ministry of Science & Technology has launched National Biopharma Mission, a first ever Industry-Academia mission to accelerate biopharmaceutical development in India.

• Alternately named 'Innovate in India' mission aims to elevate India's share in the global Biopharma sector from current 2.8% to 5%.

• The mission aims to enable and nurture an ecosystem for preparing India’s technological and product development capabilities in biopharmaceuticals to be globally competitive level over the next decade. It will also strive to transform the health standards of India’s population through affordable product development
• The mission will be implemented by Biotechnology Industry Research Assistance Council (BIRAC), a PSU of Department of Biotechnology.
• It will bring together expertise from national and international corridors to provide strategic direction and guidance to move promising solutions through the product development value chain.
• It will provide a holistic and integrated approach to strengthen and support the entire product development value chain for accelerating the research leads to product development.
• This will help not only in immediate product development for addressing public health needs, but also help to create an ecosystem which will facilitate development of a continuous pipeline of products.