Monday, July 16, 2007

India - Govt. Plans to Invest Rs 1,000 Crore in Agri-biotech through PPP

From PR Minds
The Indian government, through Public Private Partnership, has thought of to invest Rs. 1,000 Crore in agri-biotech sector. However, the plan still has to take a physical shape.

The Indian government has ideated to invest Rs 1,000 Crore to develop its agri-biotech sector with the help of Public Private Partnership (PPP), reported a top official of the country’s leading agriculture institute, Indian Agricultural Research Institute (IARI).

However, as per S A Patil, Director, IARI, the plan is in its conceptual stages. He was speaking at the annual biotech fair in Bangalore. Mr. Patil compared the development of agri-biotech sector with that of medical and industrial sectors and said that agri-biotech also needs large investments to foster. And it can be easily achieved through PPP, reports THE FINANCIAL EXPRESS on June 9, 2007.


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