Biotech to generate business of US$ 5 billion by 2010

By Staff
|
Google Oneindia News

Chennai, July 30 (UNI) The Biotech Industry will generate a business of US Dollar five billion by 2010 and it is all set to play a vital role in Agri-Biotech.

Inaugurating the conference on 'Bio-Explore' at Science City Auditorium here last evening, Tamil Nadu State Council of Science and Technology Member Secretary Dr Vincent said the policies devised by the state government would perform an imperative role in the growth of the biotech industry.

The conference was organised by Alpha Arts and Science College in association with Ohlone College, USA to deliberate on the evolving trends in the field of biotech.

Dr Vincent said Science and Technology would provide solutions and serves the humanity with second priority to earnings.

The Bio-informatics and Nano Technology field foresee tremendous growth, he added.

Speaking at the conference, former Chief Election Commissioner T N Seshan said, "the purpose of the conference lie in exploring the path laid by biotech industry in India and identify flaws in it. Biotech is one of the most promising areas of growth and development, but it is not reaching heights in India." The conference should draft plans for students to engage them actively in learning, to fill the void of industry requisites and mould them to be absorbable into the industry.

The demand for human resource in biotech field should be highlighted and the exploration should cover the entire gamut of the industry, he said.

Pointing out the enormous gap in knowledge and information, he said "a consistent appraisal of syllabus and training the teachers constantly would lead to great pace in education. Biotech will play a pivotal role in Vision 2020." The conference witnessed panel discussion on 'Evolving Trends in Biotech Industry'. The team of panelists shared their views on Medical Biotechnology, Nanotechnology, Emerging trends in Biotechnology and emerging opportunities in Life Sciences and Healthcare.

They also presented an overview on Landscape of Healthcare Biotechnology and Biotechnology in Healthcare.

Alpha Group of Institutions Managing Director Ms Suja George said the Alpha Arts and Science College proposed to start an Industry Practice School in Bio-Sciences.

The purpose of the conference was to interact with industry and evolve short term and long term courses as per industry requisites, she added.

UNI

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