Harsh Vardhan inaugurates Biotech Innovation Centre

  • thestatesman.com

    May 18, 2015 | 06:09 PM

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Union Minister of Science and Technology and Earth Sciences Harsh Vardhan on Sunday inaugurated the first phase of the Bio Innovation Centre of the Rajiv Gandhi Centre of Biotechnology (RGCB) in Thiruvananthapuram.

Speaking on the occasion, the minister said that the biotechnology sector was growing at an annual rate of 30 percent and India was set to become home to the world&’s third largest setup in the sector by 2025.

“I see 10 years down the road a $100 billion industry which will be the powerhouse of not only India&’s pharmaceutical sector, but will be on a global scale. At this rate of growth it looks likely to be bigger than the domestic pharmaceutical industry,” Vardhan said.

“We are talking about building up clusters of growth which would be home to international societies of scientists of all types linked to biotechnology. Backed by the government&’s liberal FDI policy (100 percent for Greenfield and Brownfield), this is a winner situation,” the union minister added.

Vardhan also praised the government and people of Kerala for leading the movement to spread scientific temper and rationalism on a nationwide scale.

Speaking on the RGCB, the minister  said, “The institute has made impressive advances in areas of disease biology and it has a good track record in creating trained competent human resource base in biotechnology.”

Meanwhile, Vardhan also ensured that the Centre will seriously take into consideration Kerala government's plea for setting up a bio-safety lab in the state at an estimated cost of Rs.100 crore for virus testing.

Vardhan ensured that Centre will seriously take into consideration Kerala govt's plea for setting up a bio-safety lab at an estimated cost of Rs.100 cr.