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.
Infrastructure
facilities
* 9 DBT-supported biotech parks and 73 BIRAC-supported bio-incubators.
* Dr. Jitendra Singh inaugurates the Northeast's first International Biotech Conclave.
*In February 2023, Serum Institute of India announces centre of excellence in Hyderabad to tackle future pandemics.
* In July 2023, 15 companies sign MoUs worth Rs. 2,000 crore (US$ 239.99 million), in a day, for investments in biotech sector.
Policy
Support
* In August 2024, the Indian government introduced the BioE3 Policy (Biotechnology for Economy, Environment, and Employment) to promote high-performance biomanufacturing, aiming to drive green growth by enhancing R&D, fostering innovation, and creating jobs in sectors.
* National Biopharma Mission is supporting 101 projects including more than 150 organizations and 30 MSMEs. It has increased employment opportunities and engaged 1,065 manpower including 304 scientists/ researchers.
* While 74% is permitted under automatic route for brownfield projects, 100% under government route is permitted for brownfield investments.
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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