<p>Hari Shankar Bhartia was speaking after receiving the award for “Positive impact on the industry,” at the 7th BioSpectrum awards presentation ceremony, organised here on Tuesday. </p>.<p>“India, because of its people, has the potential to be more than just a location for outsourcing research. But in order to do this, our country needs to develop its intellectual property,” he said. <br /><br />“For this, the development of business models that allow partnership between firms is essential,” the managing director said and added, the west is a little ahead in this.<br /><br />Also essential for the development of India’s research services sector, is a revision of obsolete regulatory procedures currently in place, which can retard retard research, said Biocon chief, Kiran Mazumdar-Shaw, on the occasion.<br /><br />Group Editor BioSpectrum Narayan Suresh was also present.<br /></p>
<p>Hari Shankar Bhartia was speaking after receiving the award for “Positive impact on the industry,” at the 7th BioSpectrum awards presentation ceremony, organised here on Tuesday. </p>.<p>“India, because of its people, has the potential to be more than just a location for outsourcing research. But in order to do this, our country needs to develop its intellectual property,” he said. <br /><br />“For this, the development of business models that allow partnership between firms is essential,” the managing director said and added, the west is a little ahead in this.<br /><br />Also essential for the development of India’s research services sector, is a revision of obsolete regulatory procedures currently in place, which can retard retard research, said Biocon chief, Kiran Mazumdar-Shaw, on the occasion.<br /><br />Group Editor BioSpectrum Narayan Suresh was also present.<br /></p>
