I am always looking for potential trends and news that might relate to the domain industry. Today I came across a great read about growing biotech sector in India...
"2016 was turbulent but the year had its positives too. Among them and particularly in business and healthcare was Bharat Biotech which became the first player globally to develop and file patent for vaccines for the epidemic outbreak of Zika virus. It has put the global biotechnology spotlight back on India. While the company has acquired a decent size, there are some impressive biotech champs today in India or shall we say the next Biocons and Wockhardts of India in the making.
The current crop of biotech businesses started in last decade or so, is turning India into an intellectual property base for innovative biotech manufacturing. The sector, still seen among the sunrise sectors in India, is third largest market in the Asia-Pacific region and make up for two per cent of the global market share. The ‘Achievements Report’ published on biotechnology sector, in January this year, by Department of Industrial Policy and Promotion and Department of Biotechnology, under the Make in India program, is aiming at $100 billion market size by 2025. For now, it is scaling up 20 per cent annually and is expected to become $11.6 billion market by year-end."
Read the full article here: https://www.entrepreneur.com/article/289394
"2016 was turbulent but the year had its positives too. Among them and particularly in business and healthcare was Bharat Biotech which became the first player globally to develop and file patent for vaccines for the epidemic outbreak of Zika virus. It has put the global biotechnology spotlight back on India. While the company has acquired a decent size, there are some impressive biotech champs today in India or shall we say the next Biocons and Wockhardts of India in the making.
The current crop of biotech businesses started in last decade or so, is turning India into an intellectual property base for innovative biotech manufacturing. The sector, still seen among the sunrise sectors in India, is third largest market in the Asia-Pacific region and make up for two per cent of the global market share. The ‘Achievements Report’ published on biotechnology sector, in January this year, by Department of Industrial Policy and Promotion and Department of Biotechnology, under the Make in India program, is aiming at $100 billion market size by 2025. For now, it is scaling up 20 per cent annually and is expected to become $11.6 billion market by year-end."
Read the full article here: https://www.entrepreneur.com/article/289394
