Biotech Market Size
India is among the top 12 biotech destinations in the world and is the largest producer of recombinant Hepatitis B vaccine.
India had recently overtaken Canada to emerge as the fourth largest country to grow biotech or genetically modified (GM) crops, as farmers here planted Bt cotton in about 11 million hectares.
The Indian biotech industry holds about 2% share of the global biotech industry.
The Indian biotechnology sector is expected to grow from the current $ 5-7 billion to $100 billion by 2025 by doubling the growth rate of this sector from 15% to 30%.
Growing at an average rate of about 20%, India's biotech industry comprising biopharmaceuticals, bioservices, bioagriculture, bioindustry and bioinformatics could reach the $7 billion mark by 2015.