The Indian biotech industry, which is considered as the sunrise sector, is expected to grow at an average growth rate of around 30% a year and reach USD 100 Billion by 2025. As we step into a New Year, remembering this life saving sector and its influential people, we bring to you the top astonishing facts about biotechnology which have made us proud.
1. India & Global Bio-Industry:
The Indian biotech industry holds about 2 per cent share of the global biotech industry. With the growth in the customer base and more investments taking place in the biotech sector, the industry is expected to grow to around US$ 73.73 billion by the year 2020.
2. India’s GMO beats Canada:
India had recently overtaken Canada to emerge as the fourth largest country to grow biotech or genetically modified (GM) crops.
3. Vaccine Leader:
India is a leader in vaccine production and carries the tag of being the largest producer of recombinant Hepatitis B vaccine.
4. Most Influential Person:
Biocon’s Kiran Majumdar Shaw is world’s 14th Most powerful social media influencer among the top hundred.
There are more astonishing facts about the Indian Biotech industry. To know more, Read the Magazine Below
