Stimulus package can help biotech sector become self-reliant: Kiran Mazumdar-Shaw
New Delhi: Biocon Executive Chairperson Kiran Mazumdar-Shaw on Saturday pitched for a stimulus package for the biotechnology sector with a view to becoming self-reliant amid COVID-19 pandemic.
Mazumdar-Shaw said that the world is waiting for a vaccine for COVID-19 but till the time it is developed, there is a need to conduct tests and build a treatment regime to save lives. Indian biotech sector worked quickly and came out with indigenous test kits.
Addressing a webinar organised by Ficci Ladies Organisation (FLO), she said it would be beneficial if the government provided a stimulus package as this is a huge opportunity for the biotech sector to become self-reliant.
Today, more than 2,00,000 tests can be conducted using RT-PCR kits and soon over a million tests can be conducted using indigenous test kits, she added.
Mazumdar-Shaw said this is the time for all technologies to converge and biotech''s role is very vital in this. COVID-19 is an emergency, the government needs to step up for such emergencies and look at long term planning.
Read also: Five companies added to MSCI India Index; four deleted
Disclaimer: This website is primarily for healthcare professionals. The content here does not replace medical advice and should not be used as medical, diagnostic, endorsement, treatment, or prescription advice. Medical science evolves rapidly, and we strive to keep our information current. If you find any discrepancies, please contact us at corrections@medicaldialogues.in. Read our Correction Policy here. Nothing here should be used as a substitute for medical advice, diagnosis, or treatment. We do not endorse any healthcare advice that contradicts a physician's guidance. Use of this site is subject to our Terms of Use, Privacy Policy, and Advertisement Policy. For more details, read our Full Disclaimer here.
NOTE: Join us in combating medical misinformation. If you encounter a questionable health, medical, or medical education claim, email us at factcheck@medicaldialogues.in for evaluation.