The State would have a Biotechnology Park in Bhubaneswar with the Bharat Biotech partnering it. An incubation centre would also come up at the Institute of Life Sciences, said Science and Technology Minister Ashok Chandra Panda on Thursday.
He was addressing the valedictory session of Bio-Asia 2020, an event focusing on biotechnology and bio-industries held in Hyderabad.
The three-day-long event brought together global biotechnology industries and pharmaceutical houses hosted by the Government of Telangana. Minister Panda, as guest of honour, said the Odisha Industrial Policy Resolution-2015 recognises the biotechnology sector as a priority field and extends all fiscal incentives, special incentives and other support measures for its growth.
About 100 speakers, 800 corporate leaders and 350 CEOs participated in the summit.