Bhubaneswar: In an effort to speed up growth through the bio-economy sector, the Odisha government signed a Memorandum of Understanding (MoU) with the Indian Institute of Management (IIM), Sambalpur on Thursday.
As per the pact, IIM Sambalpur will prepare Odisha’s first bio-economy report, identifying key strengths, challenges, and opportunities for sustainable growth in the sector.
The MoU was signed by Puja Mishra, Additional Secretary of the Department of Science and Technology, and Prof Mahadeo Jaiswal, Director of IIM Sambalpur, in the presence of Science and Technology Minister Krushna Chandra Patra and Principal Secretary Chithra Arumugam in Bhubaneswar.
The report will serve as a strategic roadmap, helping ensure that Odisha’s bioeconomic initiatives are aligned with both national priorities and global best practices, an official statement said.
It is expected to support the development of a robust and future-ready bio-economy ecosystem in the state.
