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`City, good example of biotech cluster'

By Our Staff Reporter

BANGALORE, JULY 11. "Bangalore is a good example of a biotech cluster, where many of the ingredients required for the growth of biotechnology are present," M.K. Bhan, Secretary, Department of Biotechnology, said.

Speaking to presspersons on Sunday, he said: "Often, individual components (of a good cluster) are present in many places, but here, and in Hyderabad you have favourable government policies, industry operations, and presence of high quality academic research." Earlier, speaking at the inauguration of the conference on "Biotechnology for a billion people," Kiran Mazumdar-Shaw, chairperson of the Vision Group, said, Bangalore was emerging as the "most diverse and the fastest growing bio-cluster in the country."

"However," said Ms. Shaw, who heads Biocon, an enzymes and bulk drug manufacturer in Bangalore, "of the 70 venture funds operating in the country, only 10 had invested in biotechnology start up firms."

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