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Sunday, Oct 19, 2008
'Scientific discoveries in the field are changing the world with new products'
At an Indo-Korean joint seminar on “Biotechnology Research in the Era of Globalisation,” at Tamil Nadu Agricultural University (TNAU), he said biotechnology would emerge as a key discipline for the nation’s economic growth and it was expected to become an integral part of the global economy in the 21st century.
Scientific discoveries in biotechnology were changing the world with new products and medical treatment methods.
The Government of Korea was taking active steps to create bioclusters and was encouraging the development of biotechnology companies throughout the country.
It was also enhancing efforts to attract foreign research and development entities.
It already had 18 regional bio-industry promotion centres and 10 bioventure incubating centres in operation. Governmental agencies in Korea, led by the Ministry of Education, Science and Technology, had announced an ambitious 10-year plan called ‘Bio Vision 2016’ in 2006, which involved innovation, expansion of research and development infrastructure, and development of bioindustry.
It hoped to invest 14.3 billion US dollars and create a 60 billion US dollar market over the next 10 years.
However, there were several challenges ahead that Korea should overcome to realise further development of biotechnology.
It should also adapt to the constantly evolving competitive environment and develop strategies based on its own strengths, Mr.Min said.
P.Balasubramanian, Director, Centre for Plant Molecular Biology, TNAU, said Indian biotechnology industry was holding a two per cent share of the global market and that it had immense potential to emerge as a global key player.
Bio-pharma, agri-biotech, bioinformatics, bioindustrial and bio services were the most important segments in India.
While the bio-pharma segment accounted for two-thirds of the total sector revenue, the agri-biotech sector in India was growing at 30 per cent for the last five years. The Indian bio-informatics market was set to shoot up from 32 million U.S. dollars to 62 million U.S. dollars by 2010, he noted.
‘Biotechnology poised to become an integral part of global
economy’
'Scientific discoveries in the field are changing the world with new products'
- Government of Korea is taking active steps to create bioclusters
- It already has 18 regional bio-industry promotion centres
At an Indo-Korean joint seminar on “Biotechnology Research in the Era of Globalisation,” at Tamil Nadu Agricultural University (TNAU), he said biotechnology would emerge as a key discipline for the nation’s economic growth and it was expected to become an integral part of the global economy in the 21st century.
Scientific discoveries in biotechnology were changing the world with new products and medical treatment methods.
The Government of Korea was taking active steps to create bioclusters and was encouraging the development of biotechnology companies throughout the country.
It was also enhancing efforts to attract foreign research and development entities.
It already had 18 regional bio-industry promotion centres and 10 bioventure incubating centres in operation. Governmental agencies in Korea, led by the Ministry of Education, Science and Technology, had announced an ambitious 10-year plan called ‘Bio Vision 2016’ in 2006, which involved innovation, expansion of research and development infrastructure, and development of bioindustry.
It hoped to invest 14.3 billion US dollars and create a 60 billion US dollar market over the next 10 years.
However, there were several challenges ahead that Korea should overcome to realise further development of biotechnology.
It should also adapt to the constantly evolving competitive environment and develop strategies based on its own strengths, Mr.Min said.
P.Balasubramanian, Director, Centre for Plant Molecular Biology, TNAU, said Indian biotechnology industry was holding a two per cent share of the global market and that it had immense potential to emerge as a global key player.
Bio-pharma, agri-biotech, bioinformatics, bioindustrial and bio services were the most important segments in India.
While the bio-pharma segment accounted for two-thirds of the total sector revenue, the agri-biotech sector in India was growing at 30 per cent for the last five years. The Indian bio-informatics market was set to shoot up from 32 million U.S. dollars to 62 million U.S. dollars by 2010, he noted.
Courtesy: The Hindu
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