DW BUREAU / Chandigarh

Haryana has the potential to emerge as a biotech powerhouse in India and the state government proposes to notify a biotech incentive policy in the next six months, Chief Minister Manohar Lal Khattar.

Khattar said the state has always been considered an industrial powerhouse, equipped with developed infrastructure, better connectivity, skilled manpower, and quality education facilities.

Delivering his Budget speech in the Assembly, Khattar said with the aim of promoting industries, a proposal to allocate Rs 922.98 crore for the industrial sector has been made for 2024-2025, marking a 16.27 per cent increase. He said the biotech sector is one of the fastest growing areas in India. The biotech eco-system consists of research and development centres, availability of skilled manpower, incentives for industries and clustered common infrastructure, he said.

"Haryana has the potential of emerging as a biotech powerhouse in India. After extensive discussions with industrialists in the biotech sector, the state government proposes to notify a bio-tech incentive policy in the next six months, which could be a significant tool to attract investment and innovation in the biotechnology sector," he said.

Khattar said the state government has launched a new cooperative movement, namely the Comprehensive Multi-Purpose Activities Cooperative Society (CM-PACS), which will promote entrepreneurship and rural development.

CM-PACS will encompass a wide range of activities, including agriculture lending, crop and food processing, packaging, marketing, storage, and transportation, warehousing, insurance, and other rural-based services, he said. He said the state government has planned to establish 500 new CM-PACS in FY25.

"I hope that CM-PACS will open up new avenues of prosperity in rural areas and create a platform for the cooperative movement to thrive," he said. Khattar said under a scheme to improve digital connectivity at the gram panchayat level, more than 62,000 fibre optic connections will be provided. So far, 7,079 optical fibre connections have been provided to gram sachivalaya, government schools, health centres and other places at the gram panchayat-level, he said.
(editor@dailyworld.in)