Biotech

Market Size

  • The Indian biotechnology sector is one of the fastest growing knowledge-based sectors in India
  • India's biotechnology sector grew 33% in FY11 and is expected to reach US$ 10 billion revenue by 2015 from US$ 3 billion.
  • The biopharma sector contributed nearly three-fifth to the total industry's revenues at US$ 1.9 billion, a rise of 12%, followed by bioservices at US$ 573 million and bioagri at US$ 420.4 million.
  • Biopharma and bioservices sectors contributed 63 per cent and 33 per cent, respectively, to the total biotech exports.