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Odisha launched a Biotechnology Policy 2018

Bhubaneswar:14/11/18: Odisha on Thursday launched a Biotechnology Policy 2018 with the aim of providing attractive incentives to stakeholders to invest in the state.

“We assure investors full support of the state government for the whole life cycle of the project. By collaborative efforts, between the state government and private stakeholders, we aim to make Odisha a top biotech investment destination in the country,” said Science and Technology Minister Badri Narayan Patra at the ongoing Make in Odisha Conclave.

He said 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 centres and biotech finishing schools. We will collaborate with various international organizations to provide cutting-edge technology in the biotech sector,” the Minister said.

As per the policy, all biotechnology units shall be allotted land at a concessional rate as per the Industrial Policy Resolution of the state government. Besides, an additional subsidy of 25 per cent shall be available to reputed anchor tenants.

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“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,” said Chief Secretary A.P. Padhi.

“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.

Krishna Ella, founder of Bharat Biotech, expressed his intention of a Rs 500 crore investment in the biotechnology park near Bhubaneswar.

He said that Odisha’s biotech policy was the best in the country.

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.
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