Page 33 - 10 Booming Biotech Companies in India 2022

SPOTLIGHT
BIOTECHNOLOGY BCIL has been already prepared This Incubation Centre has been

DPRs for the more than 20
established by CSIRIICT and Govt.
different
parks
Biotechnology
of AP with support from DBT
PARKS IN INDIA and has been playing a key and is owned by the Society for
their
establishment.
role
in
Biotechnology Incubation Centre
According to the Department of (SBTIC). World class facilities have
Biotechnology, these Biotech- been created for use by entre-
A Biotechnology park is estab- transfer of technology for the nology Parks offer facilities to preneurs on use and pay basis.
lished to address and assist in commercialization of Biotech- Scientists, and Small and Medium The existing infrastructure has

product advancement and inno- nology products, project consul- sized Enterprises (SMEs) for tech- successfully attracted more than
vation through the develop- tancy, biosafety awareness, and nology incubation, technology 10 new companies in the cluster;

ment of biotechnology indus- human resource development demonstration and pilot plant most of them being startup/early
trial cluster and to produce studies for accelerated commer- stage companies. To provide
biotechnologists and entrepre- for the Biotechnology industry. cial development of Biotech- analytical services to the biotech

neurs who have strong founda- Today, BCIL plays a key role as nology. The Department so far, and allied industries, The Advanced

tion in research and innovation. has supported 9 Biotechnology Analytical and Characteriza-
it manages various schemes and Parks in various States. These are:
In India, Biotechnology parks/ Programmes for the Department tion Resource (AACR) facility is

Incubators have been estab- of Biotechnology such as the Small 1. BIOTECH PARK, established as a joint initiative of
lished by both Central and State Business Innovation Research LUCKNOW, UTTAR PRADESH • BIRAC, SBTIC and CSIR-IICT.

Governments through public • TIDCO CENTRE FOR LIFE
private partnership for the promo- Initiative, Biotech Industrial Biotech Park at Lucknow in Uttar SCIENCES (TICEL)

tion and growth of biotech- Training Programme, and Biotech Pradesh is the first technology
nology activities in the country. Industry Partnership Programme. incubator. This has been set up 3. TIDCO CENTRE FOR LIFE
When State Biotech policies jointly as a partnership between SCIENCES (TICEL) BIOTECH
GROWTH OF BIOTECH came into light in 2001, Karna- Central and State governments i.e. PARK, CHENNAI, TAMIL

PARKS IN INDIA the Department of Biotechnology, NADU
taka became the first Indian state Ministry of Science and Tech-
In the year 1986, the Government that launched its Biotechnology nology and Government of Uttar The Park was established by Tamil

of India established the Depart- policy to promote the growth Pradesh. The Park has attracted Nadu Industrial Development
ment of Biotechnology under the of the Biotech Industry. Later, it 29 companies out of which 19 Corporation Ltd. (TIDCO), an under-

Ministry of Science and Tech- graduated out and presently this taking of the TN State Govern-
nology. A few years later, in 1990, was followed by states like Maha- Park is home to 10 companies. ment with support from DBT. This
a public limited company, Biotech rashtra, Andhra Pradesh, Tamil Park has created infrastructure

Consortium India Limited (BCIL) Nadu, Himachal Pradesh, Haryana, 2. BIOTECHNOLOGY INCU- for Biotech R&D on 5 and has now

was formed to run major func- Punjab, Kerala, Madhya Pradesh, BATION CENTRE, HYDER- achieved 100% occupancy with
tions like the development and Uttar Pradesh, Rajasthan, etc. ABAD, TELANGANA National and International clients.

|32 thecorporatereview.com | India | Vol. 3 | Issue 4 | April 2022 |33