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 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. It has increased employment opportunities and engaged 1,065 manpower including 304 scientists/ researchers.
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.
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.
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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% of 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.
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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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