Science and technology department signed an MOU with ABLE to bring Biotech Industries to Odisha during MIO conclave 2022

Bhubaneswar3/12/22:: During the MIO conclave 2022, science and technology department signed an MOU with Association of Biotechnology Led Enterprise (ABLE) to bring Biotech Industries to Odisha to mentor & nurture Biotech startups, bring international knowledge Groups to Odisha for investment purpose and to prepare a conducive Biotech Policy for Odisha.

An International Body Global Network of Entrepreneurs and Professionals for Odisha (GNEPO) has signed MoU to facilitate Global-Odisha entrepreneurial exchanges, to provide a platform for Bio-Entrepreneurship development in Odisha with global outreach, Identify & submit a mix of 10 potential contacts (mentors, entrepreneurs, investors, networkers, entrepreneurial professionals, corporate ventures, VCs, Angels) every year from across the globe those who have commitment and desire to help bio-startups from Odisha.

Huwel Lifesciences has committed to invest ₹50 crore. CropGini has proposed to invest ₹ 500 crores. In total of rupees ₹ 1250 crore investment has come during MIO Conclave’2022 in the Biotechnology Sector. The investment will generate direct and indirect employment opportunity for more than 8,000 people.

In the Plenary Session attended by participants including entrepreneurs, government officials and academicians Shri Ashok Chandra Panda, Minister, Science & Technology said, “Odisha is a unique littoral state with abundant biodiversity. The 480 km long coastline, rich mangrove and swamplands in Bhitarkanika, brackish water lakes like Chilika, forests like Simlipal and medicinal plant rich Mahendragiri give ample opportunity for Biotechnology explorations. The myriad agro-climatic zones and natural resources of the state offer tremendous opportunity, particularly in the fields of agriculture, food processing and floriculture along with Marine Biotech.”

Citing the grand success of the Millets Mission in the state which has been wholeheartedly supported by the Hon’ble Chief Minister, Panda said, “Biotechnology offers solutions to a range of issues concerning health to food security. We are going to offer all kind of support to Biotechnology startups.”

Commissioner-cum-Secretary, Science and Technology Department, Shri Bhaskar Jyoti Sarma and Joint Secretary, Science, and Technology Department, Ms. Puja Mishra also spoke on the occasion. Sashikant Dash Deputy Director, Department of Science and Technology and Laxmi Narayan Padhi were present in the session.

The Plenary Session deliberated on competitive advantages of Odisha in the promising areas of Biotechnology such as agriculture, marine and diagnostics.