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29/05/22 14:15 PM IST

North India’s First Biotech Park

In News 
  • Union Minister, Dr. Jitendra Singh inaugurates North India’s First Biotech Park at Ghatti, Kathua district, J&K.
BioTech Park 
  • This  is the historic day for Kathua as the name of Kathua is now listed among those developed regions of India where biotech parks have been established, attracting innovations and research not only from the country but from the whole world.
  • The Biotech Park would act as hub for incubation of new ideas and will act as a robust platform to support the Agri-entrepreneurs, Startups, Progressive farmers, scientists, scholars and students not only from Jammu & Kashmir and Ladakh but also from nearby States of Punjab, Haryana and Himachal Pradesh.
  • The facilities like herbal extraction, fermentation, analytical lab., distillation, micro-propagation, plant tissue culture would be available in Biotech Park, Ghatti Kathua besides the provision of technology incubation, training & skill development.
  • The park is jointly funded by department of Biotechnology, Govt. of India, Ministry of Science & Technology and Jammu & Kashmir Science, Technology & Innovation Council was started in February 2019.
  • CSIR-Indian Institute of Integrative Medicine, (CSIR-IIIM) Jammu has been entrusted with the responsibility of implementation of this project.
  • This park will carry out research on biodiversity, medicinal and aromatic plants of Jammu and Kashmir and Ladakh, and it will also promote green category businesses.
Siginificance 
  • These Biotechnology Parks offer facilities to Scientists, and Small and Medium sized Enterprises (SMEs) for technology incubation, technology demonstration and pilot plant studies for accelerated commercial development of Biotechnology.
  • The Biotech Parks of J&K are among 9 Biotechnology Parks supported by Department of Biotechnology in various States.
  • The Biotechnology has made significant impact on the socio-economic developments worldwide with contributions in various sectors of biotechnology such as health care, agriculture, process industry, environment and service sectors. 
  • The Indian biotechnology industry is one of the fastest growing knowledge based economies and is expected to play a vital role in shaping India’s economy.
  • India is uniquely positioned to harness the immense potential that biotechnology offers for transforming all aspects of life globally.
  • The Indian biotech industry is among the top 12 destinations in the world and ranks second in Asia after China.
Source- PIB 

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