For Immediate Release
October 20, 2004
Ag-West Bio strengthens business collaborations with India
(Saskatoon) Ag-West Bio Inc. and the Punjab Biotechnology Park Ltd. of Chandigargh, India
signed a memorandum of understanding to develop a framework of collaboration for economic,
scientific, and technological developments in agricultural and environmental biotechnology, bio-
processing, and health care.
On October 6, Mme Romila Dubey, Principal Secretary to the Government of Punjab,
Department of Science, Technology and Environment and the Chair of the Punjab Biotechnology
Park signed the five year agreement along side Dr. Ashley O’Sullivan, President and CEO of Ag-
In the agreement, both parties agree to work collaboratively to develop scientific, economic and
technical linkages and initiatives for the benefit of both Saskatchewan’s life science sector and
the Punjab Biotechnology Park. These collaborations could include the exchange of information
pertaining to business opportunities, transfer of technologies, opportunities for joint commercial
ventures and investigating multi-lateral funding initiatives.
The Punjab State and the Province of Saskatchewan share many similarities. Both, for example,
are major producers of wheat and other agricultural commodities and both are striving to capture
value from these commodities through value-added processing. “Collaborations, such as the
MOU signed today, are important for the future development of the bio-economy in
Saskatchewan and in the Punjab,” commented O’Sullivan.
Dr. Ashley O’Sullivan’s visit of the Punjab State in India was accompanied by Bill McKnight,
Chairman, McKnight and Associates and G. Shankar, Chief Executive, Global Connect Inc. As a
result of this trip, a major deal was facilitated between a local Saskatchewan and an Indian
company and opportunities for future collaborations and business ventures were identified. “I am
extremely pleased with the level of business achieved through this visit and look forward to our
future collaborations,” said O’Sullivan.
Ag-West Bio forms a bridge between research and development institutions and industry,
government policy makers and regulators, the general public and the bio-based economy. We link
knowledge and investment with science and enterprise in the development of products that satisfy
For more information, please contact:
Dr. Ashley O’Sullivan, President & CEO Janice Tranberg, Communications Director
Ag-West Bio Inc. Ag-West Bio Inc.
(306) 975-1939 (306) 975-1939