The first Industrial Biotech Park in North India was inaugurated in the Kathua district of Jammu & Kashmir. It was inaugurated by the Lt. Governor of Jammu and Kashmir and the Union Minister of Science and Technology. It will carry out research on biodiversity, medicinal and aromatic plants of Jammu and Kashmir & Ladakh and it will also promote green category businesses.
Another Biotech Parks is being constructed at Handwara and Kupwara of the UT is at a cost of Rs. 84.66 Crores.
The newly inaugurated Bio-Tech Park will transform the economy and enable scientists to tackle the challenges of climate change. It will fuel a new wave of innovation and impact various sectors, from health and agriculture to cosmetics and materials.
This Bio-Tech Park will provide Startups, Young Entrepreneurs and SMEs the tools that can make production cheaper, manageable and environmentally sustainable. It has the potential to produce 25 start-ups in the Union Territory in a year.
It acts as a hub for the incubation of new ideas and will be a vital futuristic asset for agri-horticulture entrepreneurs, startups, researchers, youth entrepreneurs and scientists of the region which includes nearby states of Punjab, Haryana and Himachal Pradesh.