Biotechnology industry in India

India is amongst the top 12 preferred biotech destinations in the world.

Advantage India

Skilled human
capital

* With a total population of 1.3 billion, 50% being under the age of 25, India has large pool of young and skilled workforce.

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

Infrastructure
facilities

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

* In the Union Budget 2022-23, DBT was allotted US$ 343.56 million for developing basic infrastructure, genetic engineering, bioinformatics, agriculture biotechnology, and training people.

Policy
Support

* 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.

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.

Last updated: May, 2022

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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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