The Emerging Indian Biotechnology Industry

Check these facts. In 2005 the Indian biotechnology industry was estimated to be around $1.05 billion achieving a growth rate of around 37%. As of now it just contributes to about one percent of the global biotechnology industry but it is expected that it would garner around ten percent share of the global biotechnology industry in the next five years. India can certainly achieve this as it has one of the largest pool of academicians and trained scientists and has more than three hundred institutes which are providing training in the field of bioinformatics and biotechnology. As of now there are more than seven lac post graduates and fifteen thousands PhDs which are working in various institutes and research areas across the nation. A study conducted by Ernst & Young has regarded India as one of the five emerging biotech leaders but China seems to be catching up quickly. As per the study India has achieved the third rank in the region on the basis of the number of biotech companies in the nation. Surely India is expected to realize its potential in the field of biotechnology and emerge as a clear winner in this field with its strength.

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