Nod to GM can make Agri-biotech sector worth $ 40 billion says K M Shaw

Emphasizing on the importance of genetically modified agri products in expansion of the industry, Biocon chaiperson and managing director, Dr Kiran Mazumdar Shaw has asked the government to allow technologies that can make farmers prosperous

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Dr Kiran Mazumdar Shaw, chairperson and MD, Biocon

Speaking on the sidelines of the third convocation and fifth annual lecture of NIIT University in Rajasthan, Dr Kiran Mazumdar Shaw has expressed hope that the Indian biotechnology is a USD 100 billion sector by 2025. I really believe this can be done if we have right policies in place, right resources and right investments," said.

Asking the government to allow the genetically modified crops and formulate enabling policies, she mentioned that without that the country cannot be food sufficient. "Agri bio can itself provide a USD 40 billion sector, Already BT Cotton is a USD 7.5 billion sector for the country. If you allow other genetically modified crops it could be much bigger," Shaw said.

Stressing on that fact that technology is important to make a farmers prosperous, Kiran also mentioned, "Moreover this would also lead to less use of pesticides which are very harmful. You need to reduce pests and pesticides and that can only be done with technology."

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