Bio Technology Industry is one of the rising sectors in India
Today, when people are suffering from so many physical disorders, biotechnology plays an important role in developing medicines, energy production, vaccines and conservation. Today in this competitive world to make a unique stand in the biotechnology sector India has launched a comprehensive programme in biotechnology to make use of the resources available. The Department of Biotechnology in India was established in the year 1986 under the ministry of Science and Technology.
The global biotech industry now a days has nearly around 1500 companies giving employment to over 1,79,000 people in the fields of research, manufacturing, sales, development and various other related jobs . According to survey by the year 2020 the Indian biotech industry is expected to grow up to Rs. 4, 40,000 crores.
Project Reports on Biotechnology is the offshoot of science in which living beings are used for making products. For this purpose Flora and fauna and microorganisms like bacteria are used. In the field of agriculture, bio technology and medicine has been used to produce food, test for diseases and to remove waste.
Project Reports on Bio Technology Sector
- According to reports in India bio technology industry has become the fourth largest adopter of biotech crop in the worldwide, by replacing Canada. By 2010 the Indian biotechnology industry is slated to become a US$ 5 billion industry.
- In the field of clinical trial India is gaining recognition. A large number of companies are involved and also providing research and development expertise to global pharmaceutical companies.
- Indian companies are also expanding overseas. The acquisition of 70 per cent stake of the German pharma company AxiCorp by Biocon is a case in testimony.
- The availability of a vast pool of English speaking science graduates, good regulatory processes and the cost advantage have positioned India as a favourable investment destination by the way of globalization, mergers and acquisition and alliances.
- In terms of technology, the nanotechnology is the next big opportunities.
- Stem Cell Therapy research also has huge potential.
In India at present there are more than 350 biotech companies who are providing employment for over 20,000 scientists. Most of the companies are located in the six major cities of Delhi, Mumbai, Ahmadabad, Pune, Bangalore, Chennai and Hyderabad. In India the leading companies are Biocon, Serum Institute of India(in the biopharma space),MahycoMonsanto, Rasi seeds(in the agri-bio tech field),Strand Genomics, GVK Biosciences (in the bioinformatics arena),Syngene and Quintiles in the (in bio services).
