Biotech industry seeks RM2bil grant for R&D
Biotech industry seeks RM2bil grant for R&D

Biotech industry seeks RM2bil grant for R&D

THE Malaysian BioIndustry Organisation hopes the Government will double the allocation for research and development (R&D) purposes under the 9th Malaysia Plan (2006-2010) to RM2bil from the RM1bil under the 8th Malaysia Plan.

According to chairman Datuk Dr Salleh Mohd Nor, the biotechnology industry requires substantial grants and incentives for it to become a major contributor to the Malaysian economy,

He said the sector should be given equal priority as the information and communications technology (ICT) industry in terms of government and financial support.


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