Bhubaneswar: With an aim to provide attractive incentives for stakeholders to invest in Odisha, the state government on Thursday launched the Biotechnology Policy 2018.
“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,” Science & Technology and School & Mass Education Minister Badri Narayan Patra said on the concluding day of Make in Odisha Conclave.
“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,” Patra said.
“We will collaborate with various international organizations to provide cutting-edge technology in the biotech sector. 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 added.
The Minister further 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.”
Addressing the audiences, Chief Secretary Aditya Prasad Padhi said, “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.”
“We are home to leading academic institutes providing a pool of technology and scientist workforce and have constituted a policy in place to attract startups and entrepreneur, which will provide an essential platform to stakeholders who want to invest in the biotechnology sector in Odisha,” Padhi said.
“We have also signed an agreement with ITES, Singapore to building a skill development center in Bhubaneswar, and we will be establishing the center for excellence to support the biotechnology sector in Odisha. 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.