US biotech firm eyes $400 mn investment

Monday, 18 December 2006, 06:00 Hrs
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Shimla: U.S-based Nanobiosym, a leading biotechnology firm, is keen to invest $400 million project in Himachal Pradesh to manufacture world-class equipment for a global market.

Anita Goel, founder and chief executive officer of Nanobiosym, submitted the project proposal to Chief Minister Virbhadra Singh over the weekend.

"We have envisioned a project of over $400 million for Himachal to be carried out in a phased manner to manufacture DNA Diagnostics equipment to enable highly accurate and reliable detection of DNA or RNA based pathogen within minutes," said Goel.

She said Himachal Pradesh had the potential to emerge as a major center of nano-biotechnology in India.
Source: IANS
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