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.
Panacea Biotec
Panacea Biotec was established in 1984 under the name Panacea Drugs Private Limited and got publicly listed in September 1995. The company does research and development, manufacturing, sales, distribution and marketing of pharmaceuticals, vaccines and biosimilars. The company’s portfolio includes prescription products in niche therapeutic areas such as pain management, diabetes & cardiovascular management, oncology, renal disease management, osteoporosis management, anti-tubercular, gastro-intestinal care products and vaccines.
Read More
SERUM INSTITUTE OF INDIA
Serum Institute of India Pvt. Ltd. manufactures several vaccines, which include Polio, Diphtheria, Tetanus, Pertussis, Hib, BCG, r-Hepatitis B, Measles, Mumps and Rubella vaccines. 65% children in the world are estimated to receive at least one vaccine manufactured by Serum Institute. Vaccines manufactured by the Serum Institute are accredited by the World Health Organization.
Read MoreBiocon
Biocon is fully integrated, innovation-led biopharmaceutical company, focussed on delivering affordable innovation. The company delivers innovative biopharmaceutical solutions.
Read More
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
Posters
MORE
List of Biotech Companies in India
The Indian biotechnology sector is expected to clock US$ 10 billion in revenue by 2015 on the back of emerging opportunities from around the world.
IBEF Campaigns
MORE
Experience India - Dubai Expo 2020
From the small towns and districts of India come the big-hearted artists wh...
Geographical Indicators of India
The Geographical Indications Registry is set up for administration of the G...
Case Studies
MOREIndia's Climate Vision
Climate change and global warming are the biggest threats of the present time and how the world manages to control pollution will define our future. R...
Gati Shakti Programme
Infrastructure is crucial to the development of any economy. Roads, railways, airways, and waterways enable connectivity with the outside world, facil...
DIGITAL PAYMENTS AND THEIR IMPACT ON THE INDIAN ECONOMY
India has a huge potential for digital payments. As of October 2021, the country had around 1.18 billion mobile connections, 700 million Internet user...
IBEF BLOG
MORE
India – Global hub of Therapy
Introduction India has one of the oldest healthcare systems in the world, ...
India's AR/VR Market
Introduction Advanced technology is gaining prominence across the globe, e...
India's Energy Transition and Innovation Collaboration
Introduction The global coal power generation nearly doubled during 2005&n...
