Biotechnology

Growth Drivers

  • The sector has seen high growth with a CAGR in excess of 20% and the key drivers for growth in the biotech sector are increasing investments, outsourcing activities, exports and the government’s focus on the sector.
  • A strong pool of scientists and engineers.
  • Cost-effective manufacturing capabilities.
  • The setting up of national research laboratories, centres of academic excellence in biosciences, several medical colleges, educational and training institutes offering degrees and diplomas in biotechnology, bio-informatics and biological sciences.
  • For global companies looking to economise, outsourcing to lower cost economies results in a cost arbitrage of more than 50%.
  • Fast-developing clinical capabilities with the country becoming a popular destination for clinical trials, contract research and manufacturing activities.
  • Establishment of industry oriented organisation - BIRAC to support biotech start-ups and SMEs through funding, mentoring, hand-holding and infrastructure support.
  • Setting-up of an Early Translation Accelerator (ETA) by BIRAC, to focus on catalysing transformation of young academic discoveries with possible commercial and societal impact into economically viable ventures and technologies.

Reasons to Invest

  • India is amongst the top 12 biotech destinations in the world and ranks third in the Asia-Pacific region.
  • India has the second highest number of USFDA–approved plants, after the USA.
  • India adopted the product patent regime in 2005.
  • Increasing government expenditure will augment the growth of the sector — the government aims to spend USD 3.7 Billion on biotechnology between 2012-17.
  • India is the largest producer of recombinant Hepatitis B vaccine.
  • India has the potential to become a major producer of transgenic rice and several genetically modified (GM) or engineered vegetables.
  • Abundance of highly-skilled and trained pool of talent.
  • Special purpose organisation such as Biotechnology Industry Research Assistance Council (BIRAC), a Public Sector Undertaking of Department of Biotechnology, to support industry through funding, mentoring,hand-holding and infrastructure support.
Biotechnology

Foreign investors

BPI FRANCE
WELLCOME TRUST
BILL AND MELINDA GATES FOUNDATION
USAID
LIMAGRAIN