A few key facts
- The Indian biotechnology industry grew threefold in five years to report revenues of US$ 4.3 billion (EURO 3.12 billion) during 2012-13.
- The sector in India is expected to achieve a revenue of EURO 8.5 billion by 2017, nurse growing at a compound annual growth rate (CAGR) of 22%.according to the eighth annual survey conducted by the Association of Biotechnology-Led Enterprises (ABLE) and a monthly journal, find BioSpectrum.
- India has been ranked among the top 12 biotech destinations worldwide and is the third largest in the Asia-Pacific region.
- India is recognised as a mega bio-diversity country, website and there are numerous opportunities to convert biological resources into economic wealth and employment opportunities. Innovative products and services that draw on renewable resources bring greater efficiency into industrial processes, check environmental degradation and deliver a more bio-based economy.