Bangalore: Karnataka, which is one of the pioneers in the biotech industry, is likely to face stiff competition from Gujarat — a relatively new entrant into the industry as the latter is gearing up to pursue investments in the BT sector aggressively. The Gujarat government has rolled out many schemes, which are identical to schemes in Karnataka.
In 2005, Gujarat signed MoUs worth Rs. 250 crore with BT companies. In 2007 and 2009, it signed MoUs worth Rs. 1,500 crore and Rs. 2,500 crore respectively. In the coming year, they have set a target of over Rs. 3,000 crore from BT industry during the upcoming Vibrant Gujarat Global Investors Meet.