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India and Australia to setup agbiotech fund

Scientists from India and Australia have called for the creation of a joint agrobiotechnology fund, according to reports in the Indian newspaper, The Financial Express. Scientists from the two countries met for a two-day conference in New Delhi and suggested the setting-up of a fund for a span of 12 years. It would provide $25 million per year for research into developing traits dealing with biotic and abiotic stress. The countries entered into a biotechnology alliance for research into genetically modified crops last year ( Agrow No 518, p 20).

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