- Created on Thursday, 17 July 2014 09:28
The budget addressed stimulating investment in biotechnology through the development and scaling up of biotech clusters to international levels, and with global partnerships.
In the budget speech delivered by India’s Finance Minister Arun Jaitley on 10th July 2014 , the following was announced:
- The development of biotech clusters in Faridabad and Bengaluru will be scaled up and taken to the highest international quality. This effort will include global partnerships in accessing model- organism resources for disease biology, stem cell biology and for high-end electron microscopy.
- The nascent agri-biotech cluster in Mohali will be scaled up to include plant-genetic and phenotype platforms. Secondary agriculture will be a major thrust in Mohali through collaborations in the public and private sector. In addition, two new clusters, in Pune and Kolkata will be established.
- Global partnerships will be developed under India’s leadership to transform the Delhi component of the International Centre for Genetic Engineering and Biotechnology (ICGEB) into a world-leader in life sciences and biotechnology.