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Biotechnology in India I Biotechnology in India I

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The biotechnology business in India with an increase from USD 500 million in 1997 and reaching an estimated USD I billion next year health related prod ucts accounting for 60%, agro and veterinary products together 15%, and con tract R&D, reagents, devices and supplies adding up to the remaining 25% of which the diagnostics share was about 10% of the total surely presented an encouraging picture even five years ago. While volumes have increased, the pat tern has not. According to a report, prepared by McKinsey & Co, India's Phar maceutical industry including domestic and export sales and contract services totals nearly USD 5 billion. Furthermore, the company optimistically projects the growth to a factor of five fold only if both the industry and the government are able to put in place achievable solutions that must take care of the formida ble obstacles preventing further growth. If this assessment is correct, then the established transformation made by IT growth should also provide the confi dence required by the high expectations for biotechnology which have arisen in the country in recent years. Some contributors to this are overenthusiastic these are bureaucrats, some retired scientists and of course the complacent politicians who have the least knowledge of what the new biotechnology is all about. However, there are clear indications of biotechnology growth demon strated by a few but rapidly expanding biotech companies such as Biocon Ltd, Shantha Biotech (P) Lid, Dr.

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Detail Information

Series Title

Advances in Biochemical Engineering/Biotechnology

Call Number

660.6

Publisher

Berlin Heidelberg : Springer Berlin, Heidelberg., 2013

Collation

Teknik Kimia

Language

English

ISBN/ISSN

978-3-540-36488-7

Classification

NONE

Content Type

text

Media Type

computer

Carrier Type

online resource

Edition

1

Subject(s)

Biotechnology
Industrial Chemistry
Biochemical

Specific Detail Info

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Statement of Responsibility

Tarun K. Ghose

Other Information

Cataloger

Suwardi

Source

https://link.springer.com/book/10.1007/3-540-36488-9

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