Biotechnology in India

Biotechnology in India is a sunrise sector within the Indian economy.[1] Agencies of the Government of India concerned with the biotechnology industry include the Department of Biotechnology and the proposed Biotechnology Regulatory Authority of India. As of 2022, the sector is valued at $80 billion.[2] Biotechnology in India is in a growth phase and the sector is expected to be valued at $150 billion by 2025 and surpass $300 billion in value by 2030.[2]

  1. ^ Livemint (11 June 2022). "India's biotech sector likely to reach $150 billion in 4 years: Minister". mint. Retrieved 6 December 2022.
  2. ^ a b Basu, Mohana (20 July 2022). "R&D investment in Indian biotech tripled in 2021 to cross $1 billion, says govt report". ThePrint. Retrieved 25 December 2022.