CURRENT AFFAIRS

2018

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which state Biotechnology Policy 2018 to promote biotechnology investments?
A
Odisha
B
Tamil Nadu
C
Kerala
D
Andhra Pradesh
Explanation: 

Detailed explanation-1: -The Odisha Biotechnology Policy 2018 aims at prioritizing the thrust areas for basic as well as applied research and technology development with industry-academia-social interface. The Policy provides fiscal & non fiscal incentives, marketing assistance for development of the sector.

Detailed explanation-2: -The policy aims at providing capital expenditure (CAPEX) and operation expenses (OPEX) assistance to special projects, with upto 25 per cent of the total capital expenditure up to a maximum of Rs 200 crore and up to 15 per cent of the total operating cost up to a maximum of Rs 25 crore per annum.

Detailed explanation-3: -To conserve and commercially exploit bio-resources of the State for sustainable development. To create awareness about the investment opportunities in biotechnology, genomics, bioinformatics, biofuels, contract research, etc. to entrepreneurial community and promote Biotechnology industrial investment in the State.

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