27 November, 2020

A Suitable Pair Of Genes

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

Anshul
A Suitable Pair Of Genes
outlookindia.com
-0001-11-30T00:00:00+05:53
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...
unsub

THIS ARTICLE IS PRICELESS...

To read this piece, and more such stories in India's most exciting and exacting magazine, plus get access to our 25-year archives goldmine, please subscribe.


More from Kiran Mazumdar-Shaw


Latest Magazine

December 07, 2020
content

other articles from the issue

articles from the previous issue

Other magazine section