Biotech sector to be a US$ 100 billion industry by 2025
The Dollar Business Bureau The biotechnology sector is growing at the rate of 30 % annually and India is set to become home to the world’s third largest setup in the sector by 2025, said Harsh Vardhan, Union Minister for Science and Technology. “I see ten years down the road, a US $ 100-billion industry which will be the powerhouse of not only India’s pharmaceutical sector, but also be on a global scale,” said the minister, adding, “At this rate of growth, it looks likely to be bigger than the domestic pharmaceutical industry.” The minister was speaking at the inaugural session of the first phase of the Bio Innovation Centre (BIC) of the Rajiv Gandhi Centre for Biotechnology (RGCB), ...
