The functions of the Institute shall be--
         (i) to nurture and promote quality and excellence in pharmaceutical education and research;
         (ii) to concentrate on courses leading to master's degree, doctoral and post-doctoral courses and research in pharmaceutical education;
         (iii) to hold examinations and grant degrees;
         (iv) to confer honorary awards or other distinctions;
         (v) to cooperate with educational or other institutions having objects wholly or partly similar to those of the Institute by exchange of faculty members and scholars and generally in such manner as may be conducive to their common objective;
         (vi) to conduct courses for teachers, pharmaceutical technologists, community and hospital pharmacists and other professionals;
         (vii) to collect and maintain world literature on pharmaceutical and related sciences and technology so as to develop an information centre of its own kind for other institutions within the country and in the developing world;
         (viii) to create a central faculty of pharmaceutical instrumentation and analysis for use by the researchers within and outside the Institute;
         (ix) to have a centre to experiment and innovate and to train teachers and other workers in the art or science of pharmaceutical teaching;
         (x) to develop a world level centre for creation of new knowledge and transmission of existing information in pharmaceutical areas, with focus on national, educational, professional and industrial commitments;
         (xi) to develop a multi-disciplinary approach in carrying out research and training of pharmaceutical manpower so that the larger interests of the profession, academia and pharmaceutical industry are better served and a pharmaceutical work culture is evolved which is in tune with the changing world trends and patterns of pharmaceutical education and research;
         (xii) to organise national or international symposia, seminars and conferences in selected areas of pharmaceutical education, from time to time;
         (xiii) to arrange courses catering to the special needs of the developing countries;
         (xiv) to act as a nucleus for interaction between academic and industry by encouraging exchange of scientist and other technical staff between the Institute and the industry and by undertaking sponsored and funded research as well as consultancy projects by the Institute; and
         (xv) to pay due attention to studies on the distribution and usage of drugs by the rural masses, taking into account the socio-economic spectrum in the country.