MoU to cover the areas of Know-How Exchange, Information Sharing, Facilitation of Companies and Institutes Desiring Partnering and Education and Training
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| MoU signing between Government of Andhra Pradesh and Gangwon Technopark, KoreaL to R – T. Satyanarayana Rao I.A.S, Incharge MD – APIIC and Mr. InKyo Kim, President – Gangwon Technopark, Korea during BioAsia2013 Summit in Hyderabad |
January 30, 2013, Hyderabad, India –The second day of BioAsia 2013 witnessed the signing of a significant MoU between the emerging Biotech leaders - Andhra Pradesh and South Korea.
The Memorandum of Understanding (MoU) was signed between the state undertaking of the APIIC (Andhra Pradesh Industrial Infrastructure Development corporation) and the Gangwon Technopark of South Korea.
The MoU was inked by Mr. InKyo Kim, President of Gangwang Technopark and Sri T Satyanarayana Rao, IAS, Incharge APIIC in the presence of Sri Pradeep Chandra, the Principal Secretary, Industry and commerce of Government of Andhra Pradeshon the sidelines of BioAsia 2013.
Speaking on the occasion Sri Pradeep Chandra, the Principal Secretary, Industry and commerce of Government of Andhra Pradeshsaid, “The collaboration would be beneficial to both the partners engaged in the task of optimum exploitation of Biotech resources and products in the state.”
He further added, “The potential of Bio-similar products was to the tune of 5-10 Billion dollars and the MoU will help in fine tuning them with technology and marketing facilities to be provided by the Asian country”.
Mr. InKyo Kim, President of Gangwon Technopark said,“The objective of our country is to utilize the resources and facilities of APIIC promoted biotech installations like Genome Valley in Hyderabad to promote their marketing and R & D of products of both the institutions for common growth. We want to promote contribution of our products by over 30% to the overall industrial GDP.”
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