A Study on Policy Formation for the Growth of Biotechnology Sector With Reference to PPP (Public Private Partnerships) Model as One of the Manifestations: An Indian Milieu
- Author Pritam Chattopadhyay
- DOI
- Country : India
- Subject :
Keywords : Biotechnology, Policy formation, PPP (Public Private Partnerships), Strategic actions
Abstract
Biotechnology, which is considered as the amalgamation of molecular and cellular biology, transnationally recognized as a swiftly budding, comprehensive and influential technological knowhow, is appropriately illustrated as the “technology of hope” and we can show our optimism, enthusiasm to look forward. It has shown significant promises for food, health and environmental stability and sustainability. The current and enduring proceedings in life sciences evidently unfurl a scenario energized, animated and driven by the new skill sets and tools of biotechnology. There are a bulky amount of remedial biotech drugs and vaccines that are at this time being marketed, accounting for a US$40 billion market and benefiting over a hundred million people worldwide. In addition to these there are a huge number of agri-biotech and industrial biotech products that have extremely facilitated mankind.
The most essential and influential factor that drives and manipulate per capita consumption and utilization of staple grains is the rank of income of consumers. At low level of income, staple foods such as starchy roots, rice, wheat and coarse grains grant the cheapest source and supply of energy and power to work at different places. As the earnings boosts, the consumers swing from low quality to high quality foods such as fruits, eggs, milk and meat and spending on cereals goes down. Looking at the present food market circumstances there is the realization that the additional and supplementary food grains will have to be produced or created from comparatively less land, with less water, less labor and fewer chemicals and without mortifying the fragile resource and reserve base. Thus one of the major challenges facing the world in 21st century is to achieve food security. The paper is trying to postulate the different policy formation and its impact on society at large.
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