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‘Bio-tech policy in two weeks’

Our Bureau

New Delhi, Oct. 13

The Government is willing to enter into partnership with the industry for new bio-technology strategy and will announce a policy in the next two weeks, said Mr Kapil Sibal, Union Minister for Science and Technology and Earth Sciences.

While speaking at a session on life science, organised by the Confederation of Indian Industry here on Saturday, Mr Sibal said the Government was planning to implement a policy framework to ensure support to the life sciences companies in the initial stage of product development, launch of the product and to assist companies to deal with intellectual property right issues.

“We are willing to go into equity relationship with private companies and provide grant for research and development,” said Mr Sibal. India needs to rethink its administrative setup to facilitate the global need in the sector, he added.

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