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Odisha launches Biotechnology Policy 2018
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IANS | 15 Nov, 2018
Odisha on Thursday launched a Biotechnology Policy 2018 with the aim of
providing attractive incentives to stakeholders to invest in the state.
"We
assure investors full support of the state government for the whole
life cycle of the project. By collaborative efforts, between the state
government and private stakeholders, we aim to make Odisha a top biotech
investment destination in the country," said Science and Technology
Minister Badri Narayan Patra at the ongoing Make in Odisha Conclave.
He
said the development of the biotechnology sector in Odisha will be
based on three key pillars - innovation, entrepreneurship and
investment.
"We will provide our full support for the development
of this sector by forming public-private partnerships, bio incubation
centres and biotech finishing schools. We will collaborate with various
international organizations to provide cutting-edge technology in the
biotech sector," the Minister said.
As per the policy, all
biotechnology units shall be allotted land at a concessional rate as per
the Industrial Policy Resolution of the state government. Besides, an
additional subsidy of 25 per cent shall be available to reputed anchor
tenants.
"Biotechnology is one of the emerging technologies that
has excellent potential to grow in Odisha. We have seen how IT has
transformed the country and the world, biotech is another such emerging
technology and we in Odisha should take full advantage of this sector,"
said Chief Secretary A.P. Padhi.
"Our new policy will take care
of many matters and will support entry-level and later stage product
development in the biotech sector in Odisha," he added.
Krishna
Ella, founder of Bharat Biotech, expressed his intention of a Rs 500
crore investment in the biotechnology park near Bhubaneswar.
He said that Odisha's biotech policy was the best in the country.
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