On February 17, 2022, Government of Gujarat unveiled new Biotechnology Policy, that offers up to 25 per cent financial support on capital investments in the biotechnology sector.

About the New Biotechnology Policy

• Operative period of the new biotechnology policy will be five years, from 2022 till 2027.
• The policy seeks to create around 1.2 lakh new employment opportunities.
• It will attract estimated investment of more than Rs 20,000 crore in the sector.
• It will promote partnerships between stakeholders including NGOs, scientific establishments and industries.
• Apart from providing interest subsidy on term loan for such projects, policy also offers 100 per cent reimbursement on electricity duty for five years.

Aim of the policy

The new policy aims to make Gujarat a globally-recognized Biotechnology Hub