Lack of proper regulatory framework, among other hurdles, the biotechnology (BT) industry is having to surmount, is affecting the sector and its growth. The government will have to move fast and speed up growth of the Indian BT sector as it has the potential to emerge as a leading sector, said Biocon Chairperson Kiran Mazumdar Shaw on Monday.
Speaking at the inauguration of the three-day Bangalore India-Bio 2012, inaugurated in Bangalore on Monday, she said, “Only a proper regulatory framework would help realise these expectations. The regulatory system was necessary to provide support for innovation.”
India has made great strides in drugs, both patented and generic, while a good progress has been made on the vaccine front. Agriculture challenges have been addressed and India has now emerged as a net exporter of Bt cotton and the success of Bt cotton has resulted in pesticide imports falling, thus impacting eco-sustainability.
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