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India’s top world ranking in biotechnology active growth opportunities

India’s top world ranking in biotechnology active growth opportunities

Jun 09,2016

India is currently amongst the top 12 biotechnology destinations in the world and stands third in the Asia-Pacific region. Despite the economic downturn in 2013 to 2014, the industry has experienced rapid growth due to developing foreign investments, supportive government policies, increasing exports and an experienced workforce. India’s biotechnology industry is in a great position to transition to bio-economy. This will allow India to restores cornerstones defining the competitiveness of existing sectors, providing them with a supportable setting to proceed and develop.

A recent white paper from Frost & Sullivan, India is ready for Biotech Industry Growth, finds a productive ecosystem will enable India to enter the biologics market, which is expected to reach $314.8 billion by compound annual growth rate (CAGR) of 8.4 percent. 

 The country has the essential ingredients for success, along with:

Top-ranked universities discovering and developing new technologies.

The formation of new companies.

The development of established companies.

Introduction of new products in the market.

A capable workforce.

A flourishing attitude of life.

“India has world-class strengths in chemical, biological and environmental sciences. These equip the Indian research community to provide countless opportunities,” said Frost & Sullivan Partner also the Transformational Health Senior Vice President Reenita Das.

The creation of competitive products and services as well as regulation will direct the chart shift from biotechnology to bio-economy. It is vital that new policy actions support the growth of a feasible bio-economy.

 “Indian biotechnology facility promotes the creation of new businesses from pharmaceutical research, medical technology, healthcare IT as well as healthcare assistance innovations,” noted Das. Das will participate in the approaching Confederation of Indian Industry (CII) event at BIO 2016 as a presenter for the Inauguration of Indian Pavilion.  

India ranking world’s top in bio-technology increase in opportunities.

Biotechnology gets wide range of opportunities as India tops among the world countries.

 More opportunities strike India as the rank stir upwards among the world countries.

 

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