Lahore - The Lahore Chamber of Commerce & Industry has stressed the need to spend sufficient funds and amount of energy and resources for the promotion of biotechnology that is the best substitute of conventional energy resources.

In a statement issued here Friday, LCCI President Ijaz A. Mumtaz said that there is no doubt about the enormous potential of biotechnology in Pakistan.

It is rightly said that 21st Century belongs to biotechnology.  He said that there are a number of fields derived from biotechnology like agriculture biotechnology, environmental biotechnology, health biotechnology, industrial biotechnology and nano biotechnology.  He said that renewable and sustainable energy resources are the best substitute to the conventional fuels and energy sources as the business community understands that bio-fuels will reduce our dependence on petroleum to some degree and enhance energy security.