BIOTECHNOLOGY POLICY OF GOA

Biotechnology has established itself as an engine of economic growth globally. With its outstanding contribution in the fields of agriculture, human and animal healthcare, environment management and processing industry. It is widely acclaimed as the technology of the 21st century, the impact of which is expected to be far greater than that of the trailblazing achievements of information technology in the last few decades.

The turnover of the Indian biotechnology industry crossed US$1 billion in 2005 and it is expected to reach US $ 5 billion by 2010. Such phenomenal growth in biotechnology in the country will result in substantial generation of employment covering a wide spectrum of knowledge level and skills and levels of knowledge and providing excellent entrepreneurial opportunities.

Recognizing the potential of this sunrise sector, the Government of Goa are keen to facilitate accelerated development of biotechnology utilizing the natural, scientific, human and other resources in the State and the region by providing the required policy support keeping in view the unique requirements of the sector.

Goa with an area of 3702 square kilometers is the smallest State in the Indian union. However, in recent years, it has stayed within the top three positions with respect to key indicators of economic growth and quality of life such as education, health, infrastructure, literacy and connectivity by road, rail, air and sea.

The State has a well developed industrial infrastructure. The banking industry also is quite active in the State. The major sectors of economic activity in the State, namely agriculture, forestry, fisheries, food processing and drugs and pharmaceuticals offer immense scope for expansion and growth through more biotechnology interventions, both by enhancing production and value addition. Biotechnology can also ensure sustainable utilization of the vast and varied biodiversity in the State. The State has education and research related to biotechnology.

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