The Tamil Nadu government on 4th July in Chennai released two major policies—Research & Development Policy 2022 and Life Sciences Promotion Policy 2022.

The State government has set a goal to double R&D expenditure from the government, higher education, and private sector by 2030, attracting ?20,000 crore of investment in the Life Sciences and generating 50,000 jobs in the sector in the State.

Chief Minister MK Stalin released the policies at the Tamil Nadu Investors' First Port of Call-Investment Conclave held on Monday.

The Policy will provide a special package for R&D centres and Global Captive Centres that will include a special capital subsidy; an innovation lab incentive; a subsidy for software licence; a subsidy for product testing and prototyping facilities; and a training subsidy.

It aims to increase the inputs to R&D, including the number of researchers and scientists in both government and private sectors. The policy’s aim is also to increase innovation outputs such as patents and publications and develop a synergetic innovation ecosystem of research parks, research centres, Centres of Excellence and innovation hubs, says the policy.

It aims to strengthen the industrial ecosystem for four broad segments: bio-technology and bio-services; pharma and nutraceutical industries; medical devices and medical textiles.

Have a look at the R&D policy and Life Science policy

Source: The Hindu Business Line

Chief Minister MK Stalin released the policies at the Tamil Nadu Investors' First Port of Call-Investment Conclave held on Monday.