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Indian Investment In Biotechnology In Nepal
By KTM Metro Reporter
April 18, 2012: “Indian entrepreneurs are willing to invest both capital and technology for setting up of biotech-based industries in Nepal,” Indian Ambassador to Nepal Jayant Prasad has said, "bio-technology can be a part of the growing bilateral development partnership between India and Nepal", ‘The Times of India writes quoting PTI.
Speaking at the Nepal-India Natural Products Conference held by the Indian Embassy in collaboration with Centre for Molecular Dynamics Nepal in Kathmandu, Ambassador Prasad has said that the unique biodiversity of Nepal and its favorable climate as well as a large number of laborers make it an ideal location for establishing high-quality, cutting-edge biotech industries.
"There is the need for an enabling environment, peace, stability, predictability in investment policies, and Nepali technologists and entrepreneurs as partners, to make a success of these ventures," he said.
Speaking at the same conference, chief guest Minister for Science and Technology Kalpana Dhamala said, "Nepal can benefit a lot if we can utilize the unique natural herbs and medicinal plants at our disposal through the use of advanced technology."
Nepal has many micro-organisms, which can be used as natural anti-biotic and boost our agriculture, she said, stressing the need for conducting further scientific research and development to get maximum benefit from these natural products.
Nepal is home to more than 10,000 species of plants including 500 indigenous species.
