Biotech regulator soon- the union government

The Union government will soon set up a biotechnology regulatory authority involving the private sector and related bodies. As part of its national BT development strategy, the Centre has already introduced a legislation to protect Intellectual Property Rights for state run research and development projects. Alongside, the Centre is setting up three major biotech clusters at Mohali, Faridabad and Bangalore. This was announced by the Union minister for state for science and technology, Mr Prithviraj Chavan,while addressing BIO 2009 here today. The flagship bio-event of the state, is also perhaps Asia’s largest meet on BT. As many as 400 companies from across the world are participating in the three-day event involving more than 700 delegates. In addition to the regulatory body, the government is setting up the country’s first BIO-IT centre in the IT capital at the Institute of Bio-informatics and Applied Biotechnology. It involves participation by the government and industry with as much as Rs 35 crore earmarked for the project with the Centre contributing majority of the funds followed by the Software Technology Parks of India, the government of Karnataka and the private sector. Speaking on the occasion, Ms Kiran Majumdar, chairperson, Biocon, said that BT would play a major role in tackling global warming , diseases and the like.