The Union Council of Ministers of India (Union Cabinet) has reportedly approved the Agriculture Ministry’s proposal to establish an Indian Institute of Agricultural Biotechnology at Ranchi at a cost of Rs 287.50 crore (US$51.6 million). The institute will include schools focusing on genomics, bioinformatics, genetic engineering, nano biotechnology, diagnostics, basic and social sciences, and commercialization. Among other matters, the institute will be charged with conducting research to develop crops for traits that will increase yield or increase tolerance to biotic and abiotic stresses, awarding post-graduate doctoral and post-doctoral degrees and developing curricula and course materials for India’s agricultural universities. By 2020, India will apparently need 284 million tonnes of foodgrain, 160 million tonnes of vegetables, 97 million tonnes of fruit, and 69 million tonnes of oilseeds, amounts substantially higher than current demand. See The Hindu Business Line, August 24, 2012.