PTI[ WEDNESDAY, FEBRUARY 09, 2005 02:57:10 PM]
CHENNAI: The state of Maryland in the US is keen on promoting joint ventures and alliances with the knowledge-intensive sectors in India.
"After a great success in IT, biotech is the emerging sector in India and is expected to be bigger than IT. A number of biotech and pharma companies are doing well and expanding their markets worldwide," deputy secretary, Business and Economic Development to the State of Maryland, US, Chris Foster said at a meeting here.
With 300 bio-science companies here, Maryland is the second largest state for Federal R&D expenditure which is at about $9.3 billion.
"Our research capability and India's knowledge can be a good combination to be globally competitive in the area of knowledge-intensive sectors," he added.
http://economictimes.indiatimes.com/articleshow/1015888.cms
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