Biotech Powerhouse Is the Dream of Taiwan

Taiwan is working hard to emerge as a biotechnology powerhouse. It is churning a number of products using biotechnology such as anti cancer drugs, heath foods, skin care products etc. Taiwan is trying to utilize its flora and fauna for this purpose but it would take some time before it creates a name for itself in this field. The main reason behind the delay is that the support from the government is not enough and the country has a poor record of cashing in on laboratory breakthroughs and this is making it difficult for it to progress. In the Asia region it is facing tough competition from countries like Singapore and though India and China are too their but their major efforts are concentrated towards increasing crop productivity. Like IT, Taiwan also wants biotechnology to act as a catalyst in the growth of their economy.

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