Biotechnology firm Biocon is keen on setting up a research and development centre in Punjab at an investment of nearly Rs 100 crore in the state.
Company Chairperson and Managing Director Kiran Mazumdar Shaw expressed the interest during a meeting with Chief Minister Parkash Singh Badal here yesterday.
Such a centre would have a potential to employ about 200 scientists, she was quoted as saying in a statement.
Shaw also emphasized the need to chalk out a joint action programme to involve the state's industry with Universities to work together for overcoming all the practical hardships being faced by both the sectors in the field of bio-technology.
She also favoured clinical research in the medical units with the involvement of pharmaceutical industry.
Badal assured Shaw that state government would extend full support and cooperation to them for setting up of Biocon's R&D unit in Punjab.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
