Biotechnology industry in India

Valued at US$ 92.3 billion in 2023, the Indian Biotechnology Industry is targeted to reach US$ 150 billion by 2025 and US$ 300 billion by 2030.

Advantage India

Skilled human
capital

* With a total population of 1.4 billion, 47% being under the age of 25, India has a large pool of young and skilled workforce.

* India has a large reservoir of scientific human resources including scientists and engineers.

* Biotechnology has emerged as a trending career option among the youth. According to a survey of Class 12th students in Delhi, Biotechnology was ranked as the preferred stream at No.4/5.

Skilled Human Capital

Government
Support

* 9 DBT-supported biotech parks and 60 BIRAC-supported bio-incubators.

* In the Union Budget 2023-24, the Department of Biotechnology (DBT) was allotted Rs. 1,345 crore (US$ 162.7 million) to promote R&D.

* National Biopharma Mission is supporting 101 projects including more than 150 organizations and 30 MSMEs.

* The National Biotechnology Development Strategy 2020-25, provides the government with a platform to strengthen skill development, resource and innovation converging into one strong ecosystem for knowledge sharing.

Infrastructure Facilities

FDI
Policy

* 100% under automatic route for greenfield projects for pharmaceuticals.

* While 74% is permitted under automatic route for brownfield projects, 100% under government route is permitted for brownfield investments.

* 100% under automatic route is allowed for the manufacturing of medical devices.

Policy Support

Epidemiological
factors

* Patient pool expected to increase over 20% in the next 10 years, mainly due to rise in population.

* New diseases & lifestyle changes to boost demand for drugs and devices.

Epidemiological Factors
Last updated: Feb, 2024

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CATALYSING GROWTH

CATALYSING GROWTH

The Indian biotechnology industry amounted to US$ 63 billion in 2019 and is forecast to reach US$ 150 billion by 2025.

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