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FIRST FOREIGN INVESTMENT IN JAMMU AND KASHMIR

FIRST FOREIGN INVESTMENT IN JAMMU AND KASHMIR

Context

The first-ever cannabis medicine project to be set up in Jammu with Canadian collaboration.

Details

  • It is  the first major foreign investment in Jammu and Kashmir after it became a Union Territory (UT).
  • It will be set up with the collaboration of Canada at Indian Institute of Integrative Medicine (IIIM) in Jammu & Kashmir.
  • Also this project will be able to produce the pain-relief medicine for patients suffering from cancer, diabetes, etc. with the use of  cannabis.

About Cannabis

  • It is also known as marijuana among other names.
  • It is a psychoactive drug from the Cannabis plant used primarily for medical or recreational purposes.

About Indian Institute of Integrative Medicine

  • It was established in 1941 as a research and production centre, known as the Drug Research Laboratory of J&K State.
  • It was later taken over by Council of Scientific & Industrial Research (CSIR) of Govt. of India in December 1957 as Regional Research Laboratory, Jammu.
  • Its vision is to be the International center of excellence for natural products chemistry, chemical biology, pharmacology and biotechnology.
  • Its aim is to discover new chemical entities (NCEs) as drugs for various diseases and it also provides scientific rationale and validity to various Indian systems of medicine.

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