Indian Biotechnology Industry Analysis

India is amongst the top 12 preferred biotech destinations in the world and third largest biotechnology destination in the Asia Pacific region.

Advantage India

Skilled human
capital

* With a total population of 1.3 billion, 50% 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.

Skilled Human Capital

Government
Support

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

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

Infrastructure Facilities

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.

Policy Support

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.

Epidemiological Factors
Last updated: Dec, 2022

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CATALYSING GROWTH

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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