Indian Biotech industry expected to grow despite recession
‘India’s biotechnology industry is confident of excellent augmentation in the coming years despite global meltdown.
Experts feel that the Indian biotechnology industry, which currently holds only two percent share of the global market, has the potential to grow and emerge as global player in coming years.
Expressing confidence at the prospect of biotech industry attaining the target of five billion dollars by 2010, Kiran Majumdar Shaw, Chairman and Managing Director of Biocon Limited, said agri biotech products and services will contribute a lot towards achieving this target.
“The five billion dollar target that the Biotech industry has is definitely something that is going to be attained in that time frame of 2010. And this five billion dollar market that is forecast is going to comprise largely of pharmaceutical products like vaccines and other therapeutic products. It is going to comprise of agri biotech products, which will almost comprise a billion dollars. Then we are also going to form a billion dollar component of that particular business,” said Shaw. [Read more →]

































