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Biotech
Industry Outlook
After leading the I.T
bandwagon India has shifted its efforts to biotechnology. The
alignment of a vast pool of scientific talent, a world class
information-technology industry, and a vibrant generic
pharmaceutical sector position India to emerge as a significant spot
on the global biotech map.
Even though in the
global biotech market, Indian share is presently just about 2% , the
future seems very bright for the country. Biotechnology is a fast
emerging sector in India. The consumption of biotech products in
India was $1789 mn during 1999, which is expected to grow up to the
tune of $ 4270 mn by the end of year 2010 .
India's rich human
capital is believed to be the strongest asset for this
knowledge-based industry having a large English speaking skill base,
3 million graduates, 700,000 postgraduates & 1500 PhDs qualified
in biosciences and engineering. It is estimated that 10% of
researchers and 15% of scientists in Pharma/ Biotech R&D in USA
are of Indian origin.
Biotech industry in
India at present is at the threshold of tremendous growth. For
example, in the human and animal products segment of the industry
alone, the vaccines market alone is valued at US$ 230 million and is
growing at 20 per cent. The success of firms like Shanta Biotech and
Bharat Biotech emphasise the fact. India's first genetically
engineered vaccine, Shanta Biotech's Shanvac against Hepatitis B,
costs $4, less than half the price of similar vaccines marketed by
multinational companies.
The investment
opportunities in India are very promising. Fresh investments of 145
mn hold the potential of creating a turnover of Rs. 200 mn. in the
next 5 to 7 years, which could then further be utilized to innovate
new products for the global biotech market.
India has achieved an
amazing lot in a relatively short time.Some of the milestones for
the Indian biotech are highlighted below.
Source : CII
BioSpectrum
- The Business of Biotech
Covering the most
important happenings in biotechnology, BioSpectrum packs
each issue with newsy presentations. Closely monitoring and
analyzing developments in the industry, market forces and
global trends, the magazine offers you a ringside view of the shape
of things to come, while serving as a clearinghouse for biotech
professionals and products.
BioSpectrum comes to you from CYBERMEDIA who
have been connecting IT professionals and industry through
their premium publications for over two decades. BioSpectrum
now leverage that rich experience for the Biotech community.
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Editorial
Highlights of BioSpectrum - August 2003
COVER STORY:
Bio-Active India
A comprehensive report on the
major projects, institutions and activities in various parts of the
country which is leading to the emergence of a highly visible
biotech community in India. The report will specifically highlight
significant achievements, players and highly admired initiatives in
key states, companies and institutions.
It will be a nationwide report
with special box items on noteworthy developments
SPECIAL REPORT: An
exclusive review of India’s competitor countries which have
emerged as major BioClusters around the world. The strategies
adopted by their governments and industry and the lessons to be
learnt by Indian entrepreneurs and policy makers.
EXCLUSIVE: A round up
on the world’s largest biotechnology gathering, BIO 2003 in
Washington DC. This is an exclusive coverage by a senior BioSpectrum
editor. It will include Indian efforts to catch the attention of the
global biotech community.
BioMovers: National
Chemical Laboratory (NCL) , Pune, along with an interview with its
director
BioShakers: Carl
Feldbaum, President, BIO, the world’s largest and most influential
industry organization
BioFocus: Industrial
Toxicology Research Center, Lucknow
BioVentures: The latest
happenings from the world of biotech finance around the world
BioSuppliers: Profile
of prominent companies supplying key products and services to the
biotech industry
BioCareers: What the
industry leaders will be looking for in candidates for jobs in the
next 12 months
PLUS all the regular
features BioNews, BioNewsAnalysis, BioProducts, BioData,
BioPeople and LastWord
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