Bhubaneswar: The Odisha Government on Thursday announced the Biotechnology Policy 2018 to support the growth of this sector through investment in the State.
The new policy aims at providing necessary incentives for stakeholders to encourage investment in this segment.
Announcing the new policy at the concluding day of the ‘Make in Odisha’ Conclave 2018 here, Science & Technology and School & Mass Education Minister Badri Narayan Patra said, “To support the biotechnology growth in Odisha we are proud to announce the new Biotech Policy 2018. This is the result of a wide range of discussions and inputs from various industry stakeholders, which have been incorporated in this new robust policy.”
“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 centers and biotech finishing schools,” the minister said.
The State Government will collaborate with various international organizations to provide cutting-edge technology in the biotech sector, he added.
“In order to provide innovation, fellowships, grant etc. will be encouraged as well. In the Biotechnology Policy 2018, we have provided attractive incentives for stakeholders to invest in Odisha,” he said.
“We assure investors full support of the State Government for the whole life cycle of the project. By collaborative efforts, between Government of Odisha and private stakeholders, we aim to make Odisha a top biotech investment destination in the country,” he further added.
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, explained Chief Secretary Aditya Prasad Padhi.