SUBANG JAYA: The Bio Valley in the Multimedia Super Corridor is set to be a catalyst in research and development on flora and fauna, said Science, Technology and Environment Minister Datuk Seri Law Hieng Ding.
No less than 27,000 species of herbs were available for research, of which 1,230 had medicinal value, he said.
The rest contained nutritional value and oleo-resin, among others, he said.
“Bio-prospecting has to be intensified to bring out its potential. In years to come, there is a great demand for the industry, resulting in a great deal of revenue that could come from it,” Law said at a dinner held in conjunction with the Malay Science and Technology National Congress at Glenmarie Golf and Country Club here yesterday.
Law said the Bio Valley could create 17,000 job opportunities within 10 years with investments of almost RM12.2bil and the participation of 250 local and foreign companies.
“The seriousness of the Government in view of the motto “good science makes better nations” could be seen with the allocation of budget that has tripled of what it used to be in a decade,” he said.
He also said the Government was taking steps to lure back an estimated 5,000 Malaysian scientists who were now in the United States.