Bhubaneswar, June 06: The Odisha Cabinet today approved the ‘Development of Biotechnology’ scheme, a major initiative aimed at leveraging the state’s rich biodiversity and promoting biotechnology for societal advancement and economic growth.
With its diverse ecosystem and a pool of skilled professionals, Odisha is well-positioned to become a key center for biotechnology innovation.
This ambitious scheme aims to foster collaboration among industry, academia, and research institutions, unlocking opportunities for biotechnology applications across multiple sectors. Backed by the Odisha Biotechnology Policy 2024, the program will offer incentives to establish cutting-edge infrastructure for developing biotech products and services.
Structured as an umbrella initiative, the scheme includes 17 sub-schemes focused on promoting higher education, advancing research and infrastructure, nurturing a robust innovation ecosystem, and aligning academic excellence with industry needs.
With a total outlay of ₹1,113.50 crore, the scheme will be implemented over five years, from 2025–26 to 2029–30. Its broader goal is to transform Odisha into a knowledge-driven bio-economy and a national leader in biotechnology.
By supporting breakthrough innovations, the scheme aims to accelerate product development, commercialization, and entrepreneurship—ultimately contributing to Odisha’s socio-economic development and positioning it as a vibrant hub of biotechnology-driven progress.
