Curtains came down on the eleventh edition of India's premier biotechnology event Bangalore INDIA BIO, when the plethora of participants and several global organizations came together on. This platform. It reflected promising prospects in biopharma, agri-biotechnology and industrial biotechnology, as well as called for greater government industry interaction, especially in the regulatory landscape. A report...
Manas R Bastia
Welcome to the new world order! Global biotechnology market is increasingly looking at emerging economies like India, Brazil, China as the destination next to drive growth, of the industry, "1'he Indian biotechnology sector, especially buoyed by promising prospects in biophaima, agri- biotechnology, industrial biotechnology, among others is likely to reach the $10-billion revenue milestone by 2015. To put this in perspective, the biotech sector in the country is currently pegged at around S4 billion of which nearly 40 per cent is contributed by more than 180 companies based in Karnataka. However, when one considers the SISO-billion global .' biotech industry vis-a-vis India s minuscule share in it. the potential opportunities and the enormous efforts needed to tap it call for strategic vision and well-planned execution, to begin with. These marked some of the key reflections from the recently concluded Bangalore INDIA BIO 2011.
Grand inauguration
Aptly themed as 'Biotech for a better tomorrow', the eleventh edition of India's premier biotechnology event was inaugurated by B S Yeddvurappa, Chief Minister of Karnataka and Dr V S Acharya, Minister for Information Technology and Biotechnology, Higher Education, Planning & Statistics, Muzi-ai, Government of Karnataka. Addressing the august audience, Yeddyurappa said, "Bangalore offers favourable ecosystem for biotechnology industry in the state. The government will make every effort to further boost growth of this industry. We will open
four biotechnology parks in various parts of the state." On the state's initiative in promoting biotech finishing schools to create skilled workforce for the industry, he added, "Around 12 finishing schools will begin their next academic session in a few months, which will impart the required skill to the students."
The guests of honour included Dr Vishwa Mohan Katoch, Secretary to the Government of India, Department of Health Research, Ministry of Health & Family Welfare and Director General.
Indian Council of Medical Research; Jerome Bonnafont, Ambassador of France to India and Freddv Svane, Ambassador of Denmark to India. Among other dignitaries present were M N Vidyashankar, fA.S, Principal Secretary to Government, Department of IT, Biotechnology and S&T, Government of Karnataka; Dr Kiran Mazumdar-Shaw, Chairperson, Karnataka Vision Group on Biotechnology, and CMD, Biocon Ltd.
On this occasion, VSdyashankar observed, "This event has truly become a gateway to India for the international biotech community. I am glad that the Bangalore Helix project will be put on fast track with the completion of selection process."
In the words of Dr Mazumdar- Shaw, "The biotech world is all about partnering, collaborations, leveraging each other's strengths and svnergisins them to deliver affordable innovation. It is also about making sure that entrepreneurs are recognized, celebrated and born every day."
According to a few dignitaries present
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