27 November, 2020

A Suitable Pair Of Genes

The biotech sector, with JVs and now a 'pro-bio' budget, is blossoming in India

A Suitable Pair Of Genes
Let's start with a startling fact. As a business segment, biotechnology has the potential of generating revenues of $5 billion and creating one million skilled jobs over the next five years through products and services. This can propel India into a significant position in the global biotech sweepstakes.

Way back in 1986, biotech got its first push when the government set up a dedicated Department of Biotechnology that had the well-defined objective of establishing several centres of excellence—research and academic institutions focused on biotechnology-based programmes. Universities were also encouraged to introduce both graduate and post-graduate specialised programmes.

These initiatives provided a strong foundation and the skilled resource pool that is vital in creating a sustainable business in a state-of-the-art field like biotech. We now have 40 national research laboratories employing 15,000 scientists. There are more than 300 college-level educational and training institutes across the country offering degrees and diplomas in biotechnology, bio-informatics...


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