Bio Innovation Centre opened at Tiruvananthapuram
Under 'Make in India', biotechnology to grow to $ 100 billion by 2025, says Dr Harsh Vardhan
BS B2B Bureau B2B Connect | Tiruvananthapuram, Kerala
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Dr Harsh Vardhan inaugurates Biotech Innovation Centre
Dr Harsh Vardhan said that the innovation centre should become a hub for mid and high level innovation founded on advanced level technical platforms and multidisciplinary core that will seed growth and innovation.
Phase 2 of the BIC, which is also under implementation over 20 acres, will include a state of the art research laboratories. It will include an ‘Advanced Centre for Molecular & Cellular Therapeutics’, a 75 bed hospital jointly run with the Regional Cancer Centre, which will offer cutting edge technologies, therapies and clinical trials for cancer vaccines, immunotherapeutics. There will also be facilities for addition therapies such as stem cell replacements, gene therapy, molecular tumour targeting and imaging.
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The minister said that the biotechnology sector is growing at an annual rate of 30 percent and India is set to become home to the world’s third largest setup in the sector by 2025. He said, “I see ten 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.”
Dr Harsh Vardhan added, “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.”
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First Published: May 19 2015 | 3:38 PM IST