India ranks among the top 10 biotech hubs of the world today. The biotech industry in India is confidently looking forward to reaching the 5-billion mark by 2010, which would catapult it to the club of the world's top 5 biotech hubs.
The Indian biotechnology market has a growth rate of 36.5 percent per annum that is amongst the highest in the world. Although it presently commands a market share of just 2 per cent of global revenues, India has great potential to become a significant player in the global biotech market by 2010.
India already has the largest vaccine production capacity in the world and can carve a significant niche in such emerging segments as vaccines, diagnostics and clinical trials
Bio-IT services have the potential to replace or limit wet-lab experiments and speed up the generation of fresh information. This will give a new thrust to innovations and advances in biological science.
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1 comment:
i agree with this statement.
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