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Home > News > Italy seeks tie-ups with Indian biotech, nanotech firms

April 22nd, 2008

Italy seeks tie-ups with Indian biotech, nanotech firms

Abstract:
A 20-member Italian delegation representing biotech and nanotech sectors, under the aegis of the Italian Trade Commission, has offered to tie-up with Indian firms in the sunrise industry for mutual benefit.

'Italian academia and high-tech industry are open to partner with Indian biotech and nanotech firms for promoting cooperation in the knowledge sector and benefiting from each other's domain expertise,' said Italian Trade Commission chief Vittorio Mecozzi.

'Our research institutions, universities and enterprises are willing to transfer know-how built over the years to Indian firms to develop applications and products for domestic and export markets,' Mecozzi told IANS.

Availability of vast talent pool and advantage of cost-effective production in the subcontinent have attracted the Italian academia and high-tech industry to explore joint collaborations with Indian counterparts.

'Our academia and industry have developed cluster models that can be replicated by Indian firms, especially in the small and medium enterprise (SME) segment to promote growth and optimise resources to increase production and achieve operational efficiency,' Mecozzi said Monday on the sidelines of the Italy-India forum to boost economic ties between the two countries in biotechnology and nanotechnology.

Source:
bombaynews.net

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