How is the Odisha Government Collaborating with IIM Sambalpur to Develop a Bio-Economy?
Click to start listening
Synopsis
The Odisha government is taking a significant step towards advancing its bio-economy by collaborating with IIM Sambalpur. This partnership aims to create a comprehensive report that will outline strategies and recommendations to position Odisha as a leader in the bio-economy landscape. Discover how this initiative could shape the future of biotechnology in the state.
Key Takeaways
- Collaboration between Odisha government and IIM Sambalpur
- Development of the state's first bio-economy report
- Focus on strengths, challenges, and growth opportunities
- Strategic recommendations for policy and investment
- Potential to benchmark future bio-industries
Bhubaneswar, Aug 7 (NationPress) The Odisha government has entrusted the Indian Institute of Management (IIM), Sambalpur, with the responsibility of crafting the state's inaugural bio-economy report.
This report aims to evaluate significant strengths, obstacles, and opportunities for growth within the sector. According to an official statement from the Odisha government, biotechnology holds immense potential for bolstering the state’s economic trajectory through the development of a bio-economy, unlocking all avenues in this sector.
A Memorandum of Understanding (MoU) was formalized at Kharvel Bhawan on Thursday, between the Odisha Science & Technology Department and IIM Sambalpur, to facilitate the preparation of this report.
The MoU was executed by Additional Secretary of the Department Puja Mishra and IIM Director Prof. Mahadeo Jaiswal, with the presence of Science & Technology Minister Krushna Chandra Patra and Principal Secretary Chithra Arumugam.
The comprehensive report, being developed by IIM Sambalpur, is set to serve as a strategic framework, providing policy recommendations, sector-specific priorities, and actionable initiatives designed to position Odisha as a leader in India's burgeoning bio-economy.
This report is anticipated to pinpoint the state's key strengths, tackle significant challenges, and delineate sustainable pathways for innovation, investment, and inclusive growth in this essential field.
The state government envisions that this report will act as a benchmark for future bio-industries.
“This report will deliver a strategic roadmap, ensuring that the state's bioeconomic initiatives are in line with national and global best practices, while cultivating a robust bioeconomy ecosystem. This report can serve as a benchmark for future bioindustries, propelling economic development overall,” the state government stated.
In attendance were Additional Secretary of the Science & Technology Department Sibani Mohanty, Urmiprava Moharana, Bidyut Prava Rout, IIM faculty R.K. Padhi, and Sandip Mukhopadhaya.
Point of View
It is essential to recognize the strategic importance of the Odisha government's collaboration with IIM Sambalpur. This initiative not only aims to foster a robust bio-economy in Odisha but also positions the state as a key player in India's biotechnology sector. By focusing on strengths, challenges, and opportunities, this report could provide a model for other regions, showcasing a commitment to sustainable and inclusive growth.
NationPress
05/10/2025
Frequently Asked Questions
What is the purpose of the MoU signed between the Odisha government and IIM Sambalpur?
The MoU aims to facilitate the preparation of Odisha's first bio-economy report, assessing the sector's strengths, challenges, and growth opportunities.
How will the bio-economy report impact Odisha's future?
The report is expected to serve as a strategic blueprint, offering recommendations that could position Odisha as a leader in India's bio-economy sector.
Who were the key figures present during the MoU signing?
Key figures included Additional Secretary Puja Mishra, IIM Director Prof. Mahadeo Jaiswal, Science & Technology Minister Krushna Chandra Patra, and Principal Secretary Chithra Arumugam.
