To look at problems related to the local Indian environment, an advisory council was constituted on Thursday at the Wadhwani Research Centre in Biosciences and Bioengineering being established at the Indian Institute of Technology, Bombay (IIT B).
"All ingredients exist in India to have a biosciences and biotechnology industry. But what is missing is high-powered research," said Ajay Kela, president and CEO of the Wadhwani Foundation. "Challenges for India such as infectious diseases such as malaria and tuberculosis or even Asia are not looked at by global researchers."
The council comprises eminent scientists, industry experts, academicians and government representatives.
The centre is being established with $5 million funding from the Wadhwani Foundation. It will be the primary research centre at IITB's Department of Biosciences and Bioengineering and will focus solely on research and innovation. “We want to set a new standard in world class research in India that will not only have a high global impact, but research that will also be relevant to the country," said Kela.
"India has a strong generic and healthcare industry and lots of raw talent that can be channelised into research with an Indian agenda. Our mission is to accelerate economic development and job creation in the country and emerging economies."