Kiran Mazumdar Shaw presents Indian Biotechnology roadmap to Dr. Jitendra Singh The sector to grow to 100 billion USD by 2025 |
The Indian biotechnology sector to grow from the current 5-7 billion USD to 100 billion USD by 2025 so that the current growth rate of 15% in this sector could be enhanced by twice to up to 30%. A roadmap on this is presented to the Union Minister of State (Independent Charge) of the Ministry of Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances & Pensions, Atomic Energy and Space, Dr. Jitendra Singh by Smt. Kiran Mazumdar Shaw, President of the Association of Biotechnology Led Enterprises (ABLE), and also happens Chairman and Managing Director (CMD) of Biocon Limited, who called on him here today. Smt. Kiran Shaw, visited Delhi from Bengaluru to attend the CEOs meet with US President, Mr. Barack Obama and handed over to Dr. Jitendra Singh a copy of the memorandum containing budgetary recommendations submitted to the government. Dr. Jitendra Singh said, the government is keen to promote all kinds of upward activities in Biotech sector and said that the suggestions offered by the ABLE would be given due consideration and dealt with a positive approach. Dr. Jitendra Singh agreed that the key States of India where the biotechnology is likely to grow in near future are Karnataka, Telangana, Andhra Pradesh and Gujarat but suggested that a focused planning is required to spread it to other States as well because this will not only add to the current growth rate but will also help create new avenues of employment particularly skilled jobs. The memorandum submitted by ABLE made several recommendations to support the biotechnology industry. These include deduction of current tax incentives of 200% to be increased to 300% with a validity of three years and extension of 10 years of tax holiday for biotech/farming establishments by another 2 years. Invoking the “Make in India” agenda of the present government, the memorandum also pleads for the indigenously made products to be given 15% to 25% weighted advantage over imported products in all government tenders. Dr. Jitendra Singh assured Smt. Kiran Shaw that he will take up all the suggestions with concerned departments to work out their feasibility and applicability. Biotechnology is the science of future and industry’s participation in future biotech ventures will also help in expanding the range of its utility as a means of social transformation, he added. |
Read,Write & Revise.Minimum reading & maximum learning
28 January 2015
Biotechnology vision
Subscribe to:
Post Comments (Atom)
Featured post
UKPCS2012 FINAL RESULT SAMVEG IAS DEHRADUN
Heartfelt congratulations to all my dear student .this was outstanding performance .this was possible due to ...

-
WEF ranks India 30th on global manufacturing index, Japan tops The World Economic Forum (WEF) has ranked India at 30th position on a globa...
-
UKPCS 2016 MAINS TEST SERIES SCHEDULE. STARTING FROM 14th may (English & Hindi medium Separately ) EVERYONE HAS TO DO WRITING ...
-
Cabinet approves introduction of the "Surrogacy (Regulation) Bill, 2016" The Union Cabinet chaired by the Prime Minister Shri ...
-
Four of the biggest givers Bill Gates, Warren Buffett, George Soros and Gordon Moore lead the pack when it comes to philathropy and char...
-
Pinaka rockets successfully test-fired (30 May 2014) Balasore (Odisha): Indigenously developed Pinaka rockets, capable of destroying enemy ...
-
Global wildlife population declines by 58% in 42 years since 1970: WWF report The planet is entering an unchartered territory in its his...
-
India Awarded Certificate of Commendation for Its Effort to Combat Illegal Wildlife Trade”: Dr Harsh Vardhan Union Minister of Envir...
-
In the midst of triumphalism from the government about auctions of coal mines, an assessment of the performance of India's coal-based ...
-
Global summit on illegal wildlife trade The British Prime Minister, David Cameron, will host the highest level global summit to date on com...
-
Sonowal Inaugurates National Academy for Athletics and National Golf Academy at Thiruvananthapuram, Kerala The Union Minister of State (I...
No comments:
Post a Comment