Biotechnology Park to come up in Bhubaneswar

Bhubaneswar: Odisha government will set up a Biotechnology Park in Bhubaneswar with the partnership of Bharat Biotech, informed Science & Technology Minister Ashok Chandra Panda on Thursday.

An incubation centre will also come up at the Institute of Life Science, said Panda.

He was addressing the valedictory session of Bio-Asia 2020, an event focusing on Biotechnology and Bio-industries held in Hyderabad.

The 3-day-long event brought together global Biotechnology industries and pharmaceutical houses, hosted by the Government of Telangana.

Panda said that State Industrial Policy Resolution-2015 recognizes the Biotechnology sector as a priority field and extends all fiscal incentives, special incentives, and other support measures.

To attract private investments in the field of Biotechnology, Science, and Technology Department, Government of Odisha has launched a new Biotechnology Policy.

Odisha possesses a unique model of connecting academics, industries, research, development institutions, and startups, said Panda.

Minister also described Bio-resources in the field of agriculture and bio-materials, particularly in the tribal areas, marine and coastal regions of the state that will enable value addition and product development through biotechnology applications.

Panda sought cooperation from potential investors to build Odisha as the best technology business incubator.

The 17th edition of the annual flagship event of Government of Telangana ‘Bio-Asia 2020’ witnessed the participation of around 2100 delegates, representing 37 countries.

About 100 speakers, 800 corporate leaders, and 350 CEOs participated in this summit.

Minister Panda visited Odisha Stall in the event and informed that over 80 companies are investing for industrial growth in the state and that has reached more than worth Rs 2,03,270 crores.

He also visited the Genome Valley and went to several leading Biotech farms like IKP Knowledge Park jointly developed by ICICI Bank and Telangana government which works in the field of innovation corridors and promotes Startups.