Skip to contentSkip to left sidebar Skip to footer

Policy

10. Nepal Ayurvedic Medicine Council:

There shall be established a Nepal Ayurvedic Council at the national level for fixing necessary standards of Ayurvedic education and service, registration of doctors and well-arrangement, monitoring and evaluation of technical and administratThere shall be established a Nepal Ayurvedic Council at the national level for fixing necessary standards of Ayurvedic education and service, registration of doctors and well-arrangement, monitoring and evaluation
of technical and administrative aspects of the dispensaries.ive aspects of the dispensaries.

Terms of Reference of District Ayurvedic Health Centre Objective:

The main objective of the District Ayurvedic Health Centre shall be to supervise and evaluate the functions to be performed primarily by general Ayurvedic dispensaries in the districts as well as technical,
administrative works of the dispensaries thereunder, to make coordination among the dispensaries, and to provide service as a model institution by producing medicines, to the maximum extent by mobilizing local herbals and other resources.

To provide treatment to the patients who visit the Health Centre and who are referred by Ayurvedic Dispensaries.

To operate some services of five functions (Panchakarma).

To distribute or cause to be distributed the medicines obtained from the Government of Nepal in a well-planned manner.

To prepare medicines from local herbals to the fullest extent possible and distribute them.

To make model farming of herbals in the premises of the Health Centre, maintain inter-institutional co-ordination with governmental, non-governmental bodies on forest, agriculture, community forest etc. related with medical herbs and impart knowledge to traditional and other health workers, wizards, and social workers on production,
collection, protection, promotion and maximum utilization, as
medicine, of the medicinal herbals by conducting trainings, symposiums etc.

To prepare an inventory and herbarium of local herbs.

To evaluate and supervise technical and administrative aspects of the Ayurvedic Dispensaries under the district and extend assistance in their other programmes.

To make necessary arrangements for the prevention of epidemic in times of breaking out of such disease.

To provide data of herbs and patients to the center.

To do, or cause to be done, functions as per other departmental directives.

Terms of Reference of Ayurvedic Dispensary Objective:

The main objective of the Dispensary shall be to provide service by producing the medicines in the Dispensary, in order to make the health service self-sufficient to the maximum extent by mobilizing local herbs, in particular, and other resources.

To provide normal treatment to the patients visiting the Dispensary and refer them to the District Ayurvedic Health Centre, if necessary.

To distribute the medicines sent by the Government of Nepal, in a well-planned manner.

To produce, collect, protect and promote the herbs available in the local source and utilize them as Ayurvedic medicines to the maximum extent.

To do herbs farming in the premises of the Dispensary, organize training to the local traditional health-workers, wizards and social workers, on production, collection, protection and promotion of the herbs as well as on their maximum utilization in Ayurvedic treatment, and to constitute co-ordination committees with governmental and non-governmental bodies in local level.

To prepare inventory and sample of local herbs and send the same to the concerned body.

Primarily, the Dispensaries located in the areas where a health post is not established are to carry out other services to be provided by the health post.

In the time of the breaking out of epidemic, to make arrangements for its prevention.

To send monthly data of patients to the concerned body.

The do, or cause to be done, functions as per other departmental directive.

 

1. Background:

The wave of change in the world economic order has affected all nations, big and small. In the process of adjusting the economy in linewith these changes, neighboring countries have also adapted an open and liberal policy for strengthening their economic system. Accordingly, it is necessary for Nepal to introduce timely changes and reforms in various sectors of its economy to introduce dynamism in the process of economic development. In this context, it is opportune for us to make foreign investment attractive by framing a timely, liberal and open policy. The elected government has expressed strong commitment to this goal from the very beginning. Accordingly, this policy document clearly explains the objectives of foreign investment, the forms of such investment, their procedural aspects, the facilities and concessions to be provided to them, the speedy and efficient administrative and
institutional services to be made available through an one window system and such other aspects with the belief that implementation of this policy will lead to the import of capital, modern technology, management, technical skills, acess to international markets, development of competitive attitudes and awareness about increasing
productivity, and their help in the development of an industrial culture in the private sector.

2. Objective

2.1 To build a strong and dynamic economy by generating additional
opportunities for income and employment through expanding
productive activities.
2.2 To increase private sector participation in the process of
industrialization.
2.3 To increase productivity by mobilizing internal resources and
materials in productive sectors and by importing foreign capital,
modern technology management and technical skills
To increase the competitiveness of Nepalese industries in
2.4
international markets.

 

3. Forms of Foreign Investment:

3. 1 Equity investment made by foreign investors in the form ofvforeign currencies of capital assets and reinvestment of the income there-from.

3.2 Loans obtained in the form of foreign currencies of capital assets.

3.3 Use of rights, specialization, formulae processes and patents relating to any technology of foreign origin.

3.4 Use of foreign owned trademarks, goodwill.

3.5 Use of foreign technical, consultancy, management and marketing services.

4. Permission for Industries to be Established Under Foreign Investment:

4.1 Foreign investment in the industries classified as prohibitive (as specified in schedule-1) shall not be permitted. In case of other industries, permission for foreign investment should be obtained.

4.2 Foreign investment shall be permitted up to 100% in large and medium scale industries.

4.3 Technology transfer will be permitted in the cottage and small If an application is made for an investment, the Department shall, for the industries with a fixed asset up to five hundred million rupees, grant permission itself. However, in the case of industries exceeding above-mentioned limit, in accordance with the
decision of the Board, grant permission within thirty days from 
the date of application. The department will communicate the decisions so made to the applicant. ?

5. Provision for Repatriation

Foreign investors who have received permission to invest in convertible currency can repatriate the following amounts outside Nepal at the prevailing rate of exchange:-

5.1 The amount received by sale of the whole or any part of the equity investment.

5.2 The amount received as benefits or dividends from foreign investment.

5.3 The amount received as payment of principal and interest on foreign loans.

5.4 The amount received under an agreement for the transfer of technology.

5.5 The amount received as compensation for the acquisition of any property.

5.6 Foreign experts, working in Nepalese Industries with prior approval from countries where convertible currencies are in circulation, shall be permitted to repatriate in convertible currency up to 75% of the amount received by them as salaries, allowances, etc.

6. Facilities and Concessions:

The following facilities shall be granted to industries established with foreign investment, without prejudice, to avail the additional facilities if any, available under the industrial Enterprises Act:-

6.1 Interest income on foreign loans shall be taxed at a rate of 15%
only.
6.2 Royalties, technical and management fees shall be taxed at a rate
of 15% only.

6.3 No income tax shall be lived on the income earned from exports. Income tax will be levied at 15% on the income earned from exports.

6.4 Industries established with foreign investment are entitled to enjoy all the facilities and incentives including income tax facilities provided to the industries established with local investment under the industrial Enterprises Act.

7. Other Facilities:

7.1 Facilities on Electricity-industries shall be given priority in the supply of electricity. No fee shall be charged if an industry generates electricity for its own use.

7.2 Relief from Double Taxation- For the purpose of avoiding double taxation on incomes of foreign investors Government of Nepal shall take necessary action to conclude agreements for the avoidance of double taxation with the countries of the concerned foreign investors.

7.3 Custom duty, excise duty and sales taxes levied on raw materials and auxiliary raw materials of export oriented industries shall be reimbursed to the exporters on the basis of the quantum of  exports within 60 days from the receipt of the application for such reimbursement.

7.4 Industries exporting 90% or more of its total production are entitled to enjoy the same facilities provided to industries established in the Export Processing Zone. The bonded warehouse facilities shall also be continued.

7.5 In case an industry sells its product within the country in foreign currency, the excise duty levied on the quantity of sold and the custom duty, excise and sales taxes levied on the raw materials used in such products shall be reimbursed to such industry within 60 days upon the receipt of application of such reimbursement.

7.6 Custom duty, excise duty and sales taxes levied on the production of intermediate goods used in the production of exportable goods and sales tax levied on the production shall be reimbursed to the
exporter on the basis of the quantity of goods exported within 60 days from the receipt of the application for such reimbursement.

7.7 Priority shall given to arrange infrastructure facilities required for the establishment of industries.

7.8 Government land and land within the industrial districts shall be made available to industries for the establishment of industries on priority basis.

7.9 No intervention shall be made in fixing price of the products of the industry.

7.10 No taxes shall be levied on machinery and equipment, raw materials and finished exportable products of industries established within the Export Processing Zone.

 

8. Visa Arrangement:

8.1 A non-tourist visa will be granted to a foreign investor or his authorized representative as well as their dependents to stay in Nepal for the period during which a foreign investor maintains his/her investment.

8.2 A non-tourist visa up to a period of six months shall be granted to any foreign investor who has come to Nepal to undertake research and study with the purpose of investing in Nepal.

8.3 If any foreign investor makes a lump sum investment equivalent to more than US$ 200,000 in convertible foreign currency, the investor and his/her dependants shall be granted permanent resident visa for the period he/she maintains his/her investment in the industry. No industries shall be nationalized.

10. Arbitration:

10.1 If the foreign investor, the concerned industry and the Department of industry fail to settle among them any dispute concerning foreign investment, it shall be settled by arbitration.

10.2 Arbitration shall be held according to the prevalent Arbitration rules of the United Nations Commission for International Trade Law (UNICITRAL).

10.3 The arbitration shall be held in Kathmandu.

10.4 Notwithstanding anything contained in sub-section 10.1, 10.2 and

10.3, disputes arising on a foreign investment with a specified investment may be settled as mentioned in foreign investment agreement.

 

11. Arrangements Relating to the One-window System:

The following arrangements will be made to provide services through an “One window” system to industries operating under foreign investment:

11.1.1 In order to provide in a quick and effective way the approvals, facilities and other administrative service to industries to be established under foreign investment of technology transfer agreement and in order to establish effective co-ordination among various agencies, the department of industries will be designated
as the one window servicing agency with the industrial promotion Board as a focal point as spelt out in the industrial Enterprises Act.

11.1.2 The following One-Window Committee will be formed to provide infrastructure facilities such as registration, land electricity, water and facilities a taxation, etc, under an one window system for industries to be established with foreign investment. One-Window Committee Convener -The Director General, the Department of
Industries Member -Joint Secretary, the Ministry of Industries

Member
Member
Member
-Joint Secretary, the Ministry of Finance
-Joint Secretary, the Ministry of Commerce
– The Chief Controller, Nepal Rastra Bank

11.1.3 The Department of industries will inform the application of the decision of the Board on foreign investment and technology transform within 30 years from receipt of the application.

11.1.4 A license shall contain information as to facilities and concessions to which an industry is entitled.

11.15 Application for the registration of an industry should be submitted to the Department of industries within 35 years from the date of receipt of approval for foreign investment. The industry will be registered within 21 days
from the date of receipt of the application.

11.2 Institutional Arrangements

11.2.1 The Department of industries will be reorganized and expanded with the objective of promoting foreign
investment, granting approval and providing facilities and administrative service through the one window system.
The Department will be upgraded and the statues of the director General will be made equivalent to the position of
an Additional Secretary.

11.2.2 The powers relating to the facilities and services provided by agencies such as the Ministry of Finance and its
Departments, the department of Commerce, the Nepal Rastra Bank, and the Department of Immigration etc. will
be delegated to the one window committee.

11.3 Other Arrangements

11.3.1 Industries established under this policy will continue to enjoy all time-bound facilities to which they are entitled even if any subsequent change is made in this policy. Industries prohibited for grant of Approval under Foreign Investment.

1 Defense related industries, which manufacture arms and ammunition.

2. Cigarettes and Bidi. Alcohol (excluding 100% export oriented.

1. Vision:

To increase production and productivity by means of research and development of biotechnology as well as transfer of technology, and improve the living standard of Nepali people by achieving a significant progress in the field of public health and environment.

2. Background:

Biotechnology accomplishes such a task that channelises the characteristics and property of any organism or their living cells/tissues etc. in the works of human welfare. With the help of this technology, the tasks – such as modifying the production technique of biomass, transforming their characteristics and property by various means,
improving a breed of plants or animals as per necessity, channelising various micro-organisms in an assigned task and making human conducive change into genetic formation of various seeds, plants andanimals – are being carried out. As the biomass is a focal point of this technology, our country, which is deemed to be rich in biological
resources, is required to take a new step in the field of science and technology with the realization of her traditional knowledge and modern technology. In order to face the existing challenges of a developing country like ours,
the Biotechnology Policy, 2006 is formulated to obtain the potentialsopened up by biotechnology. The implementation of this policy may assist in increasing the production of food grains through biotechnology,
developing a new technology of medical treatment, controlling environmental pollution and promoting various industrial sectors.

3. Objectives:

The overall objective of this policy is to make contribution to the reduction of poverty by developing and expanding biotechnology with its use in the sectors of comparative benefit and its application as a basis
of key substitute for the development of the country as well as environment protection and public welfare. Other objectives of this policy are as follows:

3.1 To fulfill a minimal need of food grains and nutritious food for
growing population, thereby assisting in the reduction of poverty.

3.2 To use biotechnology in the areas providing comparatively benefit to Nepal.

3.3 To encourage research and development of biotechnology contributing for developing the forests, agriculture and food sectors in an internationally competitive and environmentally sustainable manner.

3.4 To promote a managerial skill in the field of biotechnology, attract the competent researchers and experts, promote an entrepreneurship and maintain a balance between demand and supply for the expert-skill.

3.5 To reduce environmental degradation and protect natural resources and means.

3.6 To develop simple and new programmes for ensuring the transformation of the results of research into professional use subject to making contribution to the rural and national economic system.

4. Strategies:

The following strategies shall be adopted to fulfill the aforesaid
objectives:

4.1 The Government to function as a promoter, facilitator and regulator.

4.2 To create a conducive environment by means of encouraging and working as a regulatory structure for the development and research of prerequisite infrastructure in biotechnology and the
sector relating thereto.

4.3 To establish biotechnology-based industries on the basis of national requirement, market demand and regional characteristics, and encourage as well as provide concession to such industries.

4.4 To make necessary legal provisions for the development and commercialization of biotechnology.

4.5 To develop a cluster, incubator and network and prepare critical mass for the research, commercialization and use of biotechnology.

4.6 To facilitate a venture capital fund and flow of bank loan to be provided for the biotechnology-based industries.

4.7 To ensure such matters as intellectual property right, bio-safety, bio-surveillance and bio-ethics.

4.8 To encourage for continuous research with a view to using biotechnology in tissue culture, forest, agriculture and food grains, herbs, mushroom production and processing system including animal and human health system.

4.9 To identify the needs of rural people involved in biotechnology based activities by means of regular monitoring and public awareness, and make necessary provision accordingly.

4.10 To promote participation of private sector and give high priority to research, development and expansion of biotechnology.

4.11 To maintain and manage the records on the achievement of biotechnology.

4.12 To draft laws on the ownership of biotechnological resources of Nepal.

4. 13 To develop indicators to measure public benefit as may be provided by biotechnology for sustainability, natural resource management, environment and biodiversity conservation, and make such benefits to the public.

4.14 To provide timely information about actual condition on size, trend and quality standard of the market of genetically modified and not modified products and consumer’s feeling thereon.

4.15 To encourage the study of biotechnology in secondary schools
and different levels of university.

5. Policies:

In order to provide a foundation for effective inter-governmental relation, promote partnership amongst stakeholders, establish open and transparent processes, increase awareness and public understanding; the following policies shall be adopted on the basis of above-mentioned strategies:

5.1 To recognize effective “enabling technology”, to be used in various sectors, and biotechnology as a sector of high priority.

5.2 To establish a ‘Biotechnology Coordination Committee’.

5.3 To establish a ‘National Biotechnology Research and Development Centre’.

5.4 To review existing laws that may effect on the use of biotechnology and make necessary provision.

5.5 To develop appropriate human resources and create opportunities 5.6 To encourage private entrepreneurs to set up laboratories, greenhouses and nurseries with a view to producing quality and disease free plants by means of biotechnology.

5.7 To create bilateral and multilateral working structures for research, development and commercialization of biotechnology.

5.8 To strengthen the institutions currently working in the field of biotechnology and establish new institutions as requires.

5.9 To establish one-window system for transportation, import and export of biotechnology-based production.

5.10 To implement the concept of biotechnology-village to promote the applied technologies.

5.11 To set up a fund at national-level in order to promote research and development of biotechnology.

5.12 To obtain membership of the International Centre for Genetic Engineering and Biotechnology and establish relation with related regional and international institutions/organizations.

5.13 To promote the transfer of economically viable technology developed in a laboratory for forest, agro-based and industrial productions.

5.14 To emphasis the development of such a biotechnology that may assist to environmental protection and the management of natural resources.

5.15 To make necessary provision to set up a venture capital in financial institutions and provide tax facility as well as financia support to efficient biotechnology-based industries.

5.16 To exchange facility and technology amongst neighbouring an other developing countries and striving to maximize a cordial  for biotechnology. relationship with development partners of Nepal for the development and expansion of biotechnology.

5.17 To provide financial facilities to the feasible biotechnology-based programmes.

5.18 To provide a various levels of trainings on biotechnology to researchers as well as development workers, farmers and industrial employees.

5.19 To encourage domestic and foreign investment for the development of biotechnology and necessary for it.

5.20 To formulate and implement a long-term, mid-term and short-term training for research, development and expansion of biotechnology.

5.21 Nepal shall, in consistent with this policy, review different working procedures in order to turn a biotechnology-based patenting into reality and also review Cartagena Protocol on Biotechnology (C.P.B.), Trade Related Intellectual Property Rights (TRIPS), Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) and technical aspects of Biotechnology.

6.1.1 Forest, Agriculture and Food-grains:

The sectors of importance for giving emphasis for the use of biotechnology in the field of forest, agriculture and food-grains shall be as follows:

Tissue Culture
Bio-pesticides, Bio-fertilizer and other Biotech Aspects
Natural Products in Healthcare
Animal Feeds/Supplements for Agriculture Products
Aquaculture
Plant and Animal Improvement
Decorative flowers/plants, herbs and mushrooms

 

6.1.2 Treatment of human health, animals and plants:

In order to cure normal and chronic diseases to be communicated through genetic impairment or external effect and to make timely identification of pathogen, the knowledge of modern biotech shall be utilized. The sectors of giving emphasis in this regard shall be as
follows:

Diagnostics
Vaccines
Veterinary Drugs, Diagnostics and Vaccines
Immunology and Therapeutics
Embryo Transfer
Gene Therapy

6.1.3 Environment and Biodiversity:

The activities of biotechnology shall be carried out thereby making contribution in reducing environmental pollution’s and protecting as well as preserving natural resources and biodiversity. The important sectors under
this shall be as follows:

Development of Microbial Strain Cultures
for Waste Management
In-situ and Ex-situ Conservation and
Utilization of Plant Resources
Bioremediation and Industrial Effluent
Treatment
Monitoring Tools and Biosensor
Pest Management through Natural Bioagents and Botanies

6.1.4 Industry:

Programmes shall be operated to maximise development and competitiveness of the industries established in such areas of food processing, forest based-products including the area of chemical and accomplish a significant
achievement through biotechnology-based research. The important sectors thereof shall be as follows:

Food and Industrial Products
Fermentation Products
Bio-energy

6.1.5 Deoxyribonucleic Acid (DNA) Technology:

In order to take benefit from the DNA technology, the program’s shall be operated by giving focus on the following matters:

Identification and Isolation of Genes to use in Molecular Hybridization

Studies on Polymorphism, Molecular Mapping of Endangered and Commercial Species

Selection of Gene for Breeding Program  and Development of Diagnostic Kits

DNA Profiling for Forensic
Diagnosis of Genetic Disease
Paternity Analysis, Immigration and Citizenship Record

6.2 Development of Human Resources:

6.2.1 It shall be encouraged to initiate the study of biotechnology and bio-information system in school leaving certificate, pre-bachelor, bachelor and master’s

levels of various secondary schools, universities and such
institutions related thereto.

6.2.2 Measures of promoting a common inventory of human resources shall be adopted for biotechnology.

6.2.3 Necessary initiation shall be taken to develop suitable human resources in the field of biotechnology and retain
the existing human resources and attract the new-comers.

6.2.4 Scientist shall be imparted with a short-term and long term necessary training on professional and innovative
skills.

6.2.5 Efforts shall be made to establish cooperation on study and research among national and foreign universities/institutions in the field of biotechnology.

6.2.6 Scholarships for master and PhD in science and technology shall be made available in biotechnology and
sector related thereto.

6.2.7 The program’s and systems for the promotion of entrepreneurship shall be developed by National
Biotechnology Research and Development Center, and Ministry of Environment, Science and Technology.

 

6.3 Basic Structure

6.3.1 The infrastructure of existing biotechnology-based research shall gradually be strengthened.

6.3.2 It shall be encouraged to develop necessary infrastructure in governmental, semi-governmental, private and
academic institutions for the development of biotech capacity.

6.3.3 National Biotechnology Central Laboratory shall be
established to conduct research and training as per national priority.

6.3.4 Bio-villages with a new progress made in biotechnology and best traditional techniques shall be established.

6.3.5 Instrumentation centers shall be established and developed to provide the researchers involved in biotechnology with necessary equipment’s.

 

7. Facilities

7.1 Chemical and Equipment Purchase Tax:

Necessary provisions shall be made for giving exemption on custom duty to be imposed while purchasing chemical materials and equipment on there commendation of Biotechnology Coordination Committee for a biotech industry or research institution. “Biotech industry” means an industry involved in any of the following activities:
 

To make research and development on the use of living systems and/or enzymes or bio-catalysts and produce goods through the use thereof.

To use the technologies relating, among other things, to genetic engineering or cell culture,microbiology,biochemistry, molecular biology and tissue culture.

7.2 The utmost necessary of electricity service for the development of biotechnology; shall be provided in subsidy price.

7.3 The Government shall provide land to establish a bio-village.

7.4 A Venture Capital Fund shall, by utilizing the capital market, be set up with the investment of Government of Nepal and private sector

7.5 As the Nepali citizens working in abroad may play a significant role on technology transfer and market promotion in this sector,the foreign currencies that they have generated shall been couraged to invest in this sector.

7.6 A provision of reward and admiration shall be made to encourage bio-technicians and the concerned industries.

 

8. Institutional Provisions:

8.1 A Biotechnology Coordination Committee shall be constituted for
making research and development relating to biotechnology and
developing necessary human resources for this sector as well as a
curriculum on biotechnology subject. This Committee shall
encourage the private-sector entrepreneurs to adopt biotechnology
for increasing their production and perform a task of raising
public awareness.

Composition of Biotechnology Coordination Committee shall be
as follows:

1. Honorable Minister/State Minister,
Ministry of Environment, Science

and Technology
Honourable
Member, National

Planning Commission (Looking
Biotechnology) Member

3. Secretary, Ministry of Environment,
Science and Technology Member

4. Secretary, Ministry of Law, Justice
and Parliamentary Affairs Member

5. Secretary, Ministry of Forest and Soil
Conservation Member

6. Secretary, Ministry of Industry,
Commerce and Supplies Member

7. Secretary, Ministry of Finance Member

8. Secretary, Ministry of Agriculture
and Cooperatives Member

9. Secretary, Ministry of Education and
Sports Member

10. Secretary, Ministry of Health and
Population Member

11. Secretary, Ministry of Information
and Communication Member 

12. Chairperson, Concerned
Biotechnology Association (one
person) Member

13. Rector, Tribhuvan University Member

14. Rector, any related University (one
person) Member

15. Secretary, Nepal Academy of Science
and Technology Member

16. Chairperson, Agriculture Enterprise
Centre Member

17. Biotechnology Expert (four person) Member

18. Representative of Consumer Group
(two person) Member

19. Executive Director, Nepal
Agriculture Research Council Member

20. Executive Director, National
Biotechnology Research and
Development Centre Member Secretary

8.2 National Biotechnology Research and Development Centre:

A National Biotechnology Research and Development Centre shall be constituted under the Ministry of Environment, Science and Technology. It shall perform the following functions:

8.2.1 The National Biotechnology Research and Development

Centre shall identify the priorities relating to national biotechnology and promote cooperation amongst various
components of the implementation and system of this national strategy.

8.2.2 To act as a secretariat of the National Biotechnology

Coordination Committee, implement and cause to be implemented the policy and planning relating to
biotechnology, supervise and monitor such policy and
  planning and provide support thereto and regulate the
activities carried out by private entrepreneurs.

8.2.3 To coordinate with the concerned ministries to open a

Biotechnology Division for the promotion of research and development with regard to biotechnology and set up
research laboratories in the National Biotechnology Research and Development Centre.

8.2.4 To explore about a matter of economic resource,

international relation, commercial development and public concern including moral matter and promote in finding the investment for venture capital and industrial partners in
biotechnology.

8.2.5 To prepare a list of groups of international and national
advisors.

8.3 A Biotechnology Scientific Committee shall be constituted under the National Biotechnology Research and Development Centre and the Committee shall comprise of scientists representing from
various sectors of biotechnology.

9. Legal Provisions:

Necessary laws shall be enacted to regulate a transaction to be made by means of biotechnology and other necessary provisions related with technology and to protect the rights relating to intellectual property.

10. Amendment to Policy:

Due to a rapid development being made in the field of biotechnology,this policy may be reviewed and amended as required in an interval ofevery two years as per the necessity of technology development andservice expansion. Provided that, this may, on the suggestions of varioussectors, be reviewed and amended as required even prior to the said time period.