BY SAARANI VENGADESEN
THE Selangor Biotechnology Action Plan 2021-2030, a headway project was launched by the Selangor state government through Invest Selangor Berhad (ISB) as an initiative to drive and strengthen the biotechnology sector in Selangor.
The action plan was officiated by Selangor Crown Prince Tengku Amir Shah ibni Sultan Sharafuddin Idris Shah on the side-lines of the 5th Selangor International Business Summit (SIBS) held at Kuala Lumpur Convention Centre (KLCC) on 18 Nov 18.
Selangor has added this flagship project under its belt to make itself the regional biotechnology hub for innovation, technology dissemination, investment and human capital development.
This action plan sets the momentum for biotechnology applications to perk up the bioeconomy sector since it is seen as an emerging driver in the state and has the high potential to become the new economic growth of Selangor. The Selangor gross domestic product (GDP) in 2019 was RM 344.5 billion, which is 24.2 % of the national GDP. Annual GDP growth of Selangor in 2019 as at 607 %, higher than the national GDP growth (4.3%).
