Potential in Johor for biotech sector - Business News | The Star Online

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Potential in Johor for biotech sector


NUSAJAYA: Johor has the potential to emerge as one of the leading biotech players in the region focusing on agro-based activities due to its position as the leading agricultural producer in Malaysia.

Malaysian Biotechnology Corp Sdn Bhd (BiotechCorp) chief operating officer Razwin Sulairee Hasnan Termizi said Johor’s strategic location was also another advantage to attract investors in the biotech industries.

“Johor has the right ecosystem and in a good position to become a regional biotech hub,’’ Razwin told a press conference at the launch of Purple Fiesta @ BioXCell Malaysia 2015 here last Saturday.

Johor had to reduce its dependency on labour-intensive manufacturing activities and focus on capital-intensive investments including the “clean and green” biotech activities.

The state should focus on three main segments in the biotech sector – agro-based products, health products including pharmaceutical and industrial biotechnology, he said.

“BioXCell provides the best platform for the biotech companies to spearhead the development of biotech sector for Johor.’’

Malaysian BioXCell Sdn Bhd, a joint-venture company between BiotechCorp and UEM Sunrise Group Bhd in 2009, is developing the 65.15ha biotechnology park. He said Malaysia needs about 160,000 workers in the bio-based industries by 2020.

Corporate News , bio

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