Biocon proposes R and D centre in Punjab

August 21st, 2008 - 6:39 pm ICT by IANS  

Chandigarh, Aug 21 (IANS) Bio-technology major Biocon has proposed to set up a research and development (R and D) centre in Punjab with an investment of nearly Rs.1 billion and having an employment potential for about 200 scientists, an official said Thursday.The proposal was discussed between Punjab Chief Minister Parkash Singh Badal and Biocon chairperson and managing director Kiran Mazumdar-Shaw at a meeting here Wednesday evening.

Badal said Punjab had taken major initiatives for the promotion of biotechnology in the state including the setting up of National Agri-Food Biotechnology Institute, Bio-Processing Unit and Biotechnology Park in the Knowledge City at Mohali near Chandigarh, said a government spokesperson.

He assured Mazumdar-Shaw that the state government would extend full support to Biocon for setting up its R&D unit in Punjab.

Mazumdar-Shaw emphasized the need to chalk out a joint action programme to involve 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.

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