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India plans fund for stem cell research

India plans to set up a “stem cell priority fund” to support research using stem cells and find treatment for diabetes, heart and nerve diseases. "We have submitted a proposal of an exclusive fund for stem cell research. I think the government is keen to set up the stem cell priority fund," announced D Balasubramanian, Chairman of the task force on stem cell research of the Department of Biotechnology (DBT), at the Indo-UK stem cell workshop organised jointly by India and Britain.

The funding for stem cell research, which has only been by DBT, will be expanded to include Indian Council of Medical Research (ICMR) and other agencies. There are plans to include the Department of Science and Technology (DST) and Defence Research and Development Organisation (DRDO). Balasubramanian, who also heads the L V Prasad Eye Institute in Hyderabad, said last year, 30 per cent of the Rs 400 crore budget of the DBT was spent on research.
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