Association For Biotechnology Led Enterprises(ABLE) Announces The Election Of Its Offices Bearers For The Next Three Years During The Executive Council Meeting Held On The 2nd Of April 2009

This is the third executive council of ABLE since inception in 2003.

The New office bearers are:

President - Dr. M. Vidyasagar, Executive Vice President,Tata Consultancy Services.

Vice President - Mr. Mani Iyer , Executive Director, Intas Biopharmaceuticals Ltd.

Treasurer - Ms. Anuradha Acharya, Managing Director, Ocimum Biosolutions Ltd. General Secretary - Dr. P.M.Murali, Managing Director, Evolva Biotech Pvt Ltd.

The other members of the executive council are:

Ms. Kiran Mazumdar Shaw, CMD, Biocon Ltd. Dr. Rashmi H Barbhaiya , MD, Advinus Therapeutics Pvt. Ltd. Dr. Vijay Chandru , Chairman & CEO, Strand Life Sciences Pvt. Ltd.Mr. Nitin Deshmukh ,CEO, Private Equity, Kotak Mahindra Bank. Prof. Subba Rao, President R & D, Bigtec Pvt Ltd. Dr. K K Narayanan, Managing Director, Metahelix Life Sciences.Mr. Pramod Chaudhari, Chairman & Managing Director, Praj Industries.Mr. Sarath Naru, Managing Director, Ventureast Fund Advisors India Pvt Ltd.

Speaking on behalf of ABLE and the industry, Dr M Vidyasagar,President ABLE said: "I feel honoured and happy to have been elected President of ABLE for the period 2009-12. The Indian biotechnology industry will play an increasingly major role on the global stage in years to come. Even in the current economic situation, the India cost advantage remains as compelling as ever. Going forward, India will be attractive not just for its low cost but also for its intellectual contributions."

About ABLE

ABLE – Association of Biotechnology Led Enterprises - www.ableindia.org established in April 2003, is a national forum that represents the Indian Biotechnology Sector. The primary objective of ABLE is to accelerate the pace of growth of the Biotechnology Industry in India, through encouraging entrepreneurship and greater investment in the sector, providing a platform for domestic and overseas companies to explore collaborations and ventures, partnering with the Government of India in their Biotechnology endeavours and forging stronger links between academia and industry.

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