Major industry challenges await the new government
With the new government in place in the country now, expectations are soaring high across various industry segments.
Industry experts and stalwarts are keeping a keen watch on every move the new government is making to keep its promises. The nation's Biotechnology sector, neither, is an exception.
With unresolved and long-pending turmoil and hurdles over regulations, investments, and clinical trials, the industry is fully geared, pinning its hope on the new government. But then, there are industrialists who believe that the government alone cannot solve the industry's crises.
According to Dr G S Krishnan, regional president-India, Novozymes South Asia, areas like regulatory, biodiversity and environmental concerns require serious fillip and revamp to witness giant leaps in business opportunities.
"The Industry needs decision makers to support the industry's development with faster approval process, if we have to be on par with the other developing world. It is definitely BT after the IT boom, which will also be the key to India's economic growth which is far more sustainable," he added.