In the Asia region China is giving an impetus to agricultural biotechnology and is expected to make an investment more than five times that of today by the year 2010 so that it can offer food security for its population which is rising at a fast pace. By 2020 it is expected that population of China would touch 1.5 billion and since it has just seven percent of the world’s arable land it has to deal with the problem of feeding lots of mouth. By increasing its research in GM food products the country hopes to decrease its dependency on other countries for meeting its food requirements. It is expected that China would quadruple its investment in the arena of agricultural biotechnology for meeting the rising food demand for its people. It is expected that China could even give established biotechnology companies such as Monsanto a run for its money too. Looks like China would surely beat others in the biotechnology race.
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Indians should really smile when they read this. India has left China behind by miles in the arena of biotechnology. With India developing as a leading biotech region in the Asian region it is expected to leave behind China for the first time with regards to the area planted with biotechnology crop. The area under cultivation with biotechnology crop in 2006 in India has tripled as compared to last year and now the area under cultivation in India stands at 3.8 million when compared to 3.5 million in China. Quality seeds coupled with good biotechnology have made India stand strong. India is adopting biotechnology in a huge manner for meeting their growing need for fuel, fiber and food. 2007 will witness India investing $80 million in national chain of research laboratories. As per RNCOS report: Indian Biotechnology Market Outlook (2006)’, biotech will greatly influence the Indian agriculture sector by developing a large number of GM seeds. Amplifying at the rate of 28.09% from 2005, the Indian biotech industry is believed to reach the level of US$ 5 Billion by 2010 end. Is China sitting with closed eyes and why has India been able to defeat it in the arena of biotechnology, this is a question which only China can answer well. Via newswiretoday