Minister calls for better focuson agriculture and biotech

Bangalore, October 17, 2014 – State IT & BT Minister SR Patil has called for better focus on agriculture and biotech sector.
Addressing delegates and mediapersons at the unveiling of Bangalore India Bio conference to be held on February 9-11 next year, Patil sad that as 65-70 per cent of the people in the country are dependent on agriculture, there is an urgent need for the government to devise policies that promote growth of this sector. “Right policies can empower farmers and thereby help the economy,” he added.
Karnataka has contributed more than a quarter of the biotech sector earnings, which stood at $4 billion in 2014-15. Half of it comes from exports. There are 226 biotech companies in the State.
“There is a need to position India as a quality yet affordable healthcare destination,” said Kiran Mazumdar Shaw, CMD of Biocon, who is also the chairperson for Karnataka’s Vision Group on biotechnology.

The potential growth of this sector can be seen from the fact that according to a recent KPMG study, biotech/ healthcare IT are amongst the top trends that can disrupt industries in the next 3 years.

In 2012, the Karnataka Government had sent a proposal for setting up an Information Technology Investment Region (ITIR), which got the Union Cabinet approval nod in 2013. This proposal included setting up of parks where IT and biotechnology companies, including startups could set up operations.

For the development of ITIR, the Karnataka Industrial Area Development Board (KIADB) had announced that it will acquire 2,072 acres for the first phase of this project, which the state is still in the process of acquiring. Business LIne

The Pharma Times News Bureau

Recent Posts

Dr. Agarwals Eye Hospital Supports Nutritional Well-being of Children with Vehicle Donation to Akshaya Patra Foundation in Hubli

Hubli, May 20, 2024: In a significant move to support child nutrition through effective logistical contributions,…

20 hours ago

Gleneagles Hospital Mumbai Introduces Pediatric Bone Marrow Transplant (BMT) Facility

New Delhi, May 17, 2024: In response to the growing need for specialized pediatric care,…

4 days ago

Ramaiah Memorial Hospital Launches Novel Intra-Operative Radiation Therapy (IORT);

Achieves significant advancement in Cancer Treatment to Enhance Quality of Life  As per the National…

5 days ago

Two Complex Robotic Kidney Transplant Surgeries Successfully Performed at Fortis Hospital Bannerghatta Road

-An 11-year-old boy from Yemen and a 34-year-old man from Bengaluru, both suffered from end-stage…

6 days ago

On International Nurses Day, American Oncology Institute (AOI) launches #TheExtraordinaryCareGiver Campaign as Tribute to Oncology Nurses

Mumbai, 14th May 2024 – As part of its dedication to exceptional patient care, American Oncology…

7 days ago

SOCC Unveils A New Era In Paediatric Care: Second Opinion Online Consultations For Children

Mumbai, May 11, 2024: In a landmark move for Indian healthcare, the introduction of Second…

1 week ago

Notice: ob_end_flush(): failed to send buffer of zlib output compression (0) in /home2/theprkho/public_html/thepharmatimes.in/wp-includes/functions.php on line 5420