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According to a NASSCOM-KPMG Study, the biotech industry's R&D and services will reach a turnover of US$3 billion by 2010 and the bioinformatics market will touch US$ 2 billion. Indian companies have become providers of biotech information to clients around the world. Sequencing genes and delivering genomic information for big pharmaceuticals companies is the next boom industry. India has the potential to become one of the prime forces in the development and manufacture of genomic drugs with right climate and well directed research efforts and initiatives. At present, there are about 190 biotech companies in India. The Indian Biotech Scenario India comprises a large market for biotech based products. However most of these products are not developed here but are imported by domestic and foreign firms. As per the analysis done by capitalmarket.com, the Indian biotech industry is expected to reach Rs. 4,40,000 Crores in 2020. The current demand for Biotech Products in India according to the Technology Information Forecasting and Assessment Council (TIFAC) report include: - Fermentation based products in vaccines. - DMA products and antibiotics among healthcare products. - Alcohol, organic acids, enzymes, amino acids, baker's yeast and other industrial products. There were about 400 firms in India with biotechnology-related activities in 1995. This number has risen to around 850. India's biotech-industry is small compared to its pharmaceutical industry (about 16,000 small and large drug manufacturers). Biotech in India began during the mid-1980s and was concentrated within the large domestic or multinational drug firms. In 1986, the Government of India established the Department of Biotechnology (DBT) within the Ministry of Science and Technology. Several small biotech companies have been established since then. The sector players in the industry can be divided into the following companies: - Contract Research Organizations : Sygene Labs, Biological E, Bangalore Genie, Avestha Gengraine etc. - Biotech Companies that do basic research using recombinant DNA technology and develops & launches its products: like Shanta Biotech, Bharat Biotech & Biocon India. - Biotech Wings or subsidiaries of pharmaceutical/ agri-tech organizations, doing customized research using recombinant DNA technology: Lupin Labs, Wockhardt, RPG Life Sciences, Monsanto, Cadila Healthcare, Dr Reddy's Labs, etc. - Companies that do not use recombinant DNA technology but apply biotechnology principles to Industry: Floriculture, Tissue Culture Companies and industrial application of biotechnology like Enzymes Industry, Fermentation & Bio-Chemicals. |
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