Dharmendrasinh Rathod asked: Italy looking for tie-ups with the Indian Biotech Firms : The Italian Trade Commission is leading a distinguished delegation, comprising of 20 representatives from the Biotech and the Nanotech sectors, on a visit to India. The delegation is seeking tie-ups with the Indian companies, to reap mutual benefits, in the sunrise industry.
According to the Trade Commission Chief Vittorio Mecozzi, the Italian academia and the high-tech industry are open to partner with the Indian Biotech and Nanotech firms so as to increase cooperation in the knowledge sector to benefit from each other’s domain expertise.
The availability of vast talent pool and the advantage of cost-effective production are the factors of major attraction for the Italians to explore collabrations with their Indian counterparts.
The Italian delegation has on offer cluster models developed by their industry which could be replicated by the Indian Small and Medium Enterprises(SME) to promote growth and optimise resources to achieve operational efficiency. Italy is interested in entrepreneurial partnerships, technology transfer and development of co-operation in protection of Intellectual Properties Rights(IPR) in biotech and nanotech sectors. The cross border collaborations between the two countries would provide with the required launch pad to do business globally and to tap the emreging opportunities in the global environment.
The Asia-Pacific region has witnessed a rapid growth in biotechnology in terms of developing domain capabilities and human resource pool, just as the North America is considered to be a hotbed for biotechnology for innovation and market opportunities and Europe is set to emerge as an attractive destination for biotech applications and products.
The Indian biotech sector has earned the reputation of developing capabilities to sustain growth momentum and to spread its reach by ramping up exports, making aquisitions in Europe as well as US and attracting institutional capital to meet its next leap.
In the nanotech sector too, the Italian companies and research institutions are exploring tie-ups with their Indian counterparts for developing a host of applications such as devices and sensors using nano material, nano tubes and micro electronics.
A number of Italian companies and research centres are believed to have developed technologies for nano application and products that can be used in diverse areas such as healthcare, life sciences, instrumentation, consumer appliances and industrial equipments. A huge scope is envisaged for collabrations between the two nations to manufacture nano solutions on global front.
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