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Make In Odisha Conclave-2018: New Biotech Policy-2018 Announced To Attract Investment

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15 November 2018

Ajesh Mallick

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Bhubaneswar: Make in Odisha Conclave 2018 today showcased the immense potential and opportunities for the biotechnology sector in Odisha for various domestic and international investors. On the occasion, the new Biotech Policy-2018 was announced.

The State of Odisha has unique potential to be a preferred destination for investment opportunity in the biotechnology sector. This was the views expressed by the speakers of the Plenary Session on biotechnology organized by the Department of Science and Technology during the Make in Odisha Conclave here.

Soon after the session, Odisha Science & Technology Minister Badri Narayan Patra told media, “We had a Biotechnoly Policy in 2016. The new Biotechnoly Policy 2018 announced today has enough opportunities for investment. It has been made to attract investers from outside. It has lots of initiatives and incentives to carry out innovations. It has the extreme intent of the Hon’ble Chief Minister.”

He informed, “Also a committee has been formed headed by Padmabhushan Prof G. Padmanabhan, Senior Science & Innovation Advisor, Biotechnology Industry Research Assistance Council (BIRAC).”

Earlier charing the Plenary Session, the Minster detailed out the various initiatives Odisha Govemment has proposed in the State Biotechnology Policy 2018. He emphasized that the policy has several important initiatives for promoting biotechnology research, innovation, skill development and entrepreneurship in the State.

He 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.”

He added, “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. 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. 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," stated the Minister.

Odisha Chief Secretary Aditya Prasad Padhi mentioned that the State will facilitate the growth and investment in biotechnology sector through conducive policy support and stressed that there is greater need for biotechnology interventions in addressing the societal problems.

Odisha Development Commissioner-cum-Additional Chief Secretary R. Balakrishnan said that with rich natural resources and many leading biotechnology research institutions in the State. Odisha is uniquely placed to take the lead in attracting biotech investors for creation of knowledge and skilled human resources and an ecosystem of innovation.

Prof G. Padmanaban, Former Director, Indian Institute of Sciences and Senior Science & Innovation Advisor, Biotechnology Industry Research Assistance Council (BIRAC) in his keynote address spoke about the new opportunity in biotechnology for making a difference to societv through developing producls and processes for addressing emerging challenges.

Prof Padmanaban spoke on six significant steps that the Government of Odisha should adopt to make Odisha a biotechnology hub in India and abroad like requirement of needleless delivery of vaccine, concentrate on development of Nanobodies, biomass conversion, eliminating malaria through biological route, gene editing and synthetic biology.

Dr Renu Swarup, Secretary of Union Biotechnology Department through a video address complimented the efforts of the state government and assured all help and support for the initiative.

Dr Krishna Ella, CMD Bharat Biotech complemented the support received from the state government in the establishment of Odisha Biotechnology Park and hoped that the park will soon house a number of industry and entrepreneurs which in turn will create a number of high quality jobs.

Odisha Science and Technology Principal Secretary Nikunja Bihari Dhal urged the participants to join hands with the Government to make Odisha a truly world class Biotech destination.

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Badri Narayan Patra, Minister, Science & Technology, Odisha

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Prof G. Padmanaban, Innovation Advisor, BIRAC