Industry News

Biotechnology has really taken off not only as a discipline in college textbooks but also has yielded fruit in terms of profit-making business enterprises. The success of the Biotechnology industry has lead to sustained economic growth in the developed nations like US, European countries and Canada. India is also fast emerging as a key player in biotechnology related activities and investments. Currently, although the biotechnology market in India contributes only a 2% share in the global market,

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The importance of the biotech market in India and its prospective growth can be grasped from the steps taken by the Indian government to further development of research and entrepreneurship initiatives in the country. The Department of Biotechnology (DBT) and the various Centres of Excellence provide the backbone of furthering research activities and laying the foundation for generating knowledge and trained manpower to assist entrepreneurship programs and the biotech private industry in India. Several industry houses from the "old industry" have already jumped in the Indian biotechnology market to take advantage of the opportunities this new and exciting field.

Indian Biotechnology - Why is India important?

The importance of India in the field of Biotechnology is manifold. In addition to generating trained manpower and a knowledge base, India is proving to be an ideal setting for manufacturing activites and high-level biotechnology research programmes. With the initiatives taken by the government, Indian Biotechnology is poised for a tremendous growth.

• Trained manpower and knowledge base

• Good network of research laboratories

• Rich Biodiversity

• Well developed base industries (e.g.: pharmaceuticals, seeds)

• Access to intellectual resources of NRIs in this area.

• Extensive clinical trials and research - access to vast & diverse disease populations

• Bio-diversity - India's human gene pools offer an exciting opportunity for genomic studies.

• Agriculture being the mainstay of the masses translates into a corresponding growth of the Agribiotech sector.