The Indian government has instituted a new strategy to boost the productivity of its biotechnology sector and improve its biotechnology education system. The strategy seeks to bring production in the biotechnology industry to $7 billion by 2012 and create world-class research and educational centers. The government plans to spend INR 65,000 million ($1.6 billion) on biotechnology by 2012, up 448% from 2002–2007 spending levels of INR 14,500 million ($362 million). The strategy includes an initiative that will allocate up to 30% to the Indian Department of Biotechnology’s budget for public-private partnerships and a biotechnology industry partnership to develop advanced technologies.

Source: SciDev