MoU signed to foster Bio-economy in Odisha

Bhubaneswar: Biotechnology has tremendous potential to contribute to the states’ growth trajectory in the form of bio-economy fostering all possibilities in this sector.

With this, the Government of Odisha has assigned IIM, Sambalpur to develop the first Bio-Economy report of the state assessing key strengths, challenges and growth opportunities.

In this regard, a Memorandum of Understanding (MoU) was signed between the Science & Technology Department & Indian Institute of Management, Sambalpur today at Kharvel Bhawan.

The MoU was signed between Additional Secretary of Department Puja Mishra and Director of IIM Prof Mahadeo Jaiswal in the presence Science & Technology Minister Krushna Chandra Patra and Principal Secretary Chithra Arumugam.

This report will provide a strategic roadmap, ensuring bioeconomic initiatives of the state align with national and global best practices while fostering a robust bioeconomy ecosystem. This report can be a benchmark for the future bioindustries to bringing economic growth in general.

Among others Additional Secretary of Science & Technology Department Sibani Mohanty, Urmiprava Moharana, Bidyut Prava Rout, faculties of the IIM R.K. Padhi, Sandip Mukhopadhaya were also present on the occasion.