The biotechnology sector in the country has played a significant role in enhancing India’s global profile. India stands among the top 12 biotech destinations in the world and ranks third in the Asia Pacific, with approximately 3% share in the global Biotechnology industry. The Biotechnology industry in India, comprising about 800 companies, is estimated to have grown at a CAGR of 20.3% during 2005-17, to reach $11.6 bn in 2016-17.
By 2020, bio-incubation space of 175,000 sq. ft. has been planned with the target to support 50 world class bio-incubators. By 2025, Indian Biotechnology industry is expected to reach $100 bn.
100% FDI for biotechnology sector is allowed under the automatic route for green-field pharma.
100% FDI in biotechnology is allowed under the government route for brownfield pharma in up to 74% FDI is under automatic route and beyond 74% is under the government approval route.
Up to 100% FDI in biotechnology in India is allowed under the automatic route for the manufacturing of medical devices.
World’s largest producer of recombinant Hepatitis B vaccine
World’s largest 2-wheeler and 3-wheeler manufacturer
World’s 3rd largest heavy truck manufacturer and 4th largest car manufacturer
The sector is divided into five major segments- Bio-pharma, Bio-services, Bio-agri, Bio-industrial, and Bio-informatics
The biopharmaceutical sector accounts for the largest share of the biotech industry with a share of 64% of total revenues, followed by bio-services with 18% market share
India is becoming a leading destination for clinical trials, contract research, and manufacturing activities, which is further fuelling the growth of the bio-services sector
Bio-agri segments accounted for 14% of the biotech industry in 2015-16, while the remaining market is catered by bio-industrial (3%) and bio-informatics (1%)
India's Serum Institute is the largest Bio-pharma company in the country and accounts for approximately 22% of the biopharma market
30 bio-incubators and biotech parks have been supported and established during April 2014-September 2016
Big announcement by Finance Minister Niramala Sitharaman for FDI in this year's budget.
RSS Chief Mohan Bhagwat's Full Speech To The Swayamsevaks In Nagpur On Vijayadashmi
Cabinet clears 100% FDI in coal mining, associated infrastructure
Press Conference by Union Finance Minister Nirmala Sitharaman
Atal Bihari Vajpayee's memorable 1996 Parliament trust vote speech
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