Biotechnology & Pharmaceuticals

The Biotech industry in India has been able to successfully position itself to capitalise on the unfolding global biologics opportunity by attracting talent with advanced technical skill-sets. The biotechnology sector of India is highly innovative and is on a high growth trajectory. The sector, with its immense growth potential, will continue to play a more significant role as an innovative manufacturing hub. The sector is one of the most significant sectors in enhancing India's global profile as well as contributing to the growth of the economy. This sector is directly or indirectly related to the health as well as the agricultural sector of India. Key facts: India is the 3rd biggest biotech industry in the Asia-Pacific region and No. 1 producer of Hepatitis B vaccine recombinant. India has achieved an eminent global position in pharma sector. The country also has a huge pool of scientists and engineers who have the potential to take the industry to a very high level. India would be the 3rd largest pharmaceuticals market by 2020 with the 20% of global exports in generics.

Disclaimer: This information has been collected through secondary research and 24MRC Network is not responsible for any errors in the same.