Hyderabad|India|June'2009: Consolidating the position of India’s biotechnology industry on the world map,Federation of Asian Biotech Associations (FABA) has announced theparticipation of Italy, United Arab Emirates and Canada as partnersto explore business opportunities, cooperate and collaborate in the field ofbiotechnology.

While UAE confirmed to enroll Dubai Biotechnology and ResearchPark (DuBiotech) asthe '18th country member' of FABA and initiate a UAEchapter of FABA, an MoU was signed between FABA and Bioindustry Park Canavese,near Torino, Italy to encourage and promote co-operation in the fields ofclustering, support to internationalization of companies, incubation andtechnology development and services to new emerging biotechnologycompanies.FABA is also in talks with Canada to involve them as a membercountry and increase opportunities for business cooperation.

“In fine, all the countries will have a greater opportunity to expandbusiness, share technology and get support for their ventures. This will notonly help in development of new business initiatives, but we will also see anincrease in the number of foreign companies coming to India to set up theirbase here. Within the next year, I believe we will see a lot more jointventures and tie-ups between Indian and these foreign companies,” said Dr. BS Bajaj,secretary general, FABA.

The countries will also be participating in BioAsia 2010.“Taking ourrelationship forward, we look forward to actively support and participate inthe forthcoming BioAsia 2010 at Hyderabad, India. We shallclosely review the potential opportunities at the above event,” said Mr. MarcoBaccanti, executive director, DuBiotech. “The Asian biotechnology cluster isesteemed very high and is an integral part of our business strategy to targetthe above. In this context it would be very appealing for us to network withpotential companies in Indiawho are seeking international expansion plans,” he added.

Reachout's News Bureau
 June' 2009