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Silicon Valley’s Homologue

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The south Indian city of Bangalore, long dubbed India’s Silicon Valley, wants to turn into India’s biotechnology capital with its state government pledging funds, infrastructure, and fiscal incentives to fuel industry growth. The Karnataka state government and leading financial institution ICICI have jointly invested $2 million in an Institute of Bioinformatics and Applied Bio-technology for training and research. The institute will also serve as an incubation center for startups.

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