Press Trust Of India / Chennai/ Bangalore Jul 09, 2009, 00:21 IST
New Biotech Policy also earmarks Rs 100 crore to provide facilities to industries
Karnataka Cabinet has cleared Biotech Policy-II that seeks to promote the BT sector and offers incentives and envisages setting up a Rs 50-crore venture fund besides earmarking Rs 100 crore to set up facilities for the industries.
Briefing reporters, home minister V S Acharya said the new policy was framed based on the recommendations of the committee headed by eminent scientist C N R Rao.
He said Karnataka accounts for more than 50 per cent of India’s biotech sector.
The first biotech policy was launched in 2001 when there were just 47 biotechnology companies with a turnover of Rs 200 crore, whereas now there are 187 companies with a turnover of more than Rs 3,000 crore. The new policy aims to give concessions and encouragement to the sector, Acharya added.
I am glad other countries are getting financial help just like the U.S. Such a policy is bound to create more jobs for the Biotechnology sector. Also, with the increasing number of biotechnological company its going to be hard to pick and choose which companies are good sources for potential jobs. A great to cut through all the company clutter is to use http://www.biotechcrossing.com. Not only does the site have more jobs than any other website, it also shows job openings directly from employer websites and many other job boards.This site is also a good place to find jobs not often advertised elsewhere. Go to http://www.biotechcrossing.com for all your biotech career and job needs
Content Guide
