Overview
India is ranked 12th in the world in biotechnology industry and third in Asia-Pacific region.
India has approximately 3% share in the global Biotechnology industry. The Biotechnology industry in India, comprising about 800 companies, is estimated to have grown at a CAGR of 20.3% during the last ten year period.
India has the second highest number of US Food & Drug Administration (USFDA)-approved manufacturing plants outside the US. The country is currently home to more than 523 USFDA approved drug manufacturing facilities.
Industry Forecast
• By 2020, bio-incubation space of 175,000 sq. ft. has been planned with the target to support 50 world class bio-incubators
• By 2025, Indian Biotechnology industry is expected to reach $ 100 bn
INDIAN Biotech INDUSTRY AT A Glance IN 2017 - 2018