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.
Government
Support
* 9 DBT-supported biotech parks and 60 BIRAC-supported bio-incubators.
* In the Interim Budget 2024-25, the Department of Biotechnology (DBT) was allotted Rs. 2,251.52 crore (US$ 271 million).
* 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.
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.
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.
Related News
MOREBIOTECHNOLOGY CLUSTERS
- Haryana
- Bengaluru
- West Bengal
- Maharashtra
Industry Contacts
- Department of Biotechnology, Ministry of Science & Technology
- Department of Science and Technology, Ministry of Science and Technology
- Biotechnology Industry Research Assistance Council (BIRAC)
- Council of Scientific and Industrial Research (CSIR)
- Association of Biotechnology Led Enterprises (ABLE)
- The Biotech Research Society, India
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