Odisha To Showcase The State’s Biotech Prospects At Global Bio-India 2024

Bhubaneswar: The Odisha government is all set to showcase the state’s potential in biotechnology sector at the Global Bio-India 2024 to be held at Pragati Maidan in New Delhi from September 12 to 14.

Led by Science & Technology minister Krushna Chandra Patra, team Odisha will exhibit biotech ambitions of the state at the international event hosted by Department of Biotechnology, under the Ministry of Science and Technology.

“With its rich natural resources, Odisha has created a huge potential for biotechnology. To accelerate investment in the field, the state government is promoting Biotechnology as a thrust sector under the progressive Industrial Policy Resolution (IPR 2022). Along with this, a dynamic Odisha Biotechnology Policy has been promulgated for startups and large scale investments. This will create new possibilities for economic development and employment generation in the state in the coming days,” Patra said.

A special Odisha Pavilion is being setup at Global Bio-India 2024. Here the state’s unique bio-resources and huge potential in the field of biotechnology will be featured. 10 innovative biotechnology startups of the state find place in the Odisha Pavilion demonstrating their unique products and services to the policymakers, investors and other stakeholders.

A state roundtable shall be held on 13th September, during Global Bio-India 2024. Principal Secretary, Science & Technology Department, Govt of Odisha, Chithra Arumugam shall present the current state of Biotech sector & new opportunities in Odisha along with special focus on investment in the state.

Similarly, a special session on ‘Blue Economy’ is scheduled for 14th September at GBI 2024 where Minister Science & Technology Department, Govt of Odisha, shall deliver the keynote address. Odisha will highlight the untapped potential of its marine resources across 480 kilometers of vast coastline while setting the context for the vision on Indian Blue Economy.

“Our department supports various scientific research and innovations in the field of biotechnology. Bio-incubators and innovative biotech startups in the state are being promoted. Moreover, the biotechnology policy enacted by the state government is a step ahead towards setting up future enterprises in the sector. The immense potential of Odisha shall be explored at the Global Bio-India 2024,” Principal Secretary, Science and Technology department Chithra Arumugam informed.

The state’s delegation comprising senior officials, and heads and faculty members of research institutions will attend the 3-day programme. They will gain exposure to current and future trends and technology in the Indian biotech scene, the department stated.

Biotechnology holds immense future possibilities for the world. Experts estimate India’s bio-economy to reach Rs 240 thousand crore by 2030, where Odisha is set to play a pivotal role. Application of innovative knowledge in agriculture, food processing, pharmaceuticals, healthcare, marine biology and allied industries shall lead to futuristic products and solutions in biotechnology.