Bridges Trade BioRes • Volume 5 • Number 7 • 15th April 2005
India Releases Draft Biotechnology Strategy
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The Indian government released a draft national biotechnology development strategy on 4 April, that describes plans to set up a National Biotechnology Regulatory Authority. The draft proposes the creation of a single authority on biotechnology regulation that would include separate divisions for transgenic crops, recombinant drugs and industrial products, transgenic food and feed, transgenic animals and aquaculture. A key aspect of the draft is the exemption of the biotech industry from restrictions limiting the percentage of foreign direct investment. Also proposed is an increase in investments in research and development, such as increased funding for university biotechnology programmes. The strategy will be subject to a six-week comment period during which suggestions from the public will be accepted.
“India Takes Aim at Biotech Sector,” Pharmatechnologist, 5 April 2005; “Draft National Biotechnology Development Strategy Released,” Hindu, 4 April 2005; “Draft Biotech Strategy Moots 100% FDI Via Automatic Route,” Financial Express, 31 March 2005.
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