Biotechnology has proved to be one of the fastest growing sectors in
India and is expected to play a key role in shaping the country’s
rapidly developing economy. The sector has been looking at combating
life threatening diseases, reduce energy crisis and food scarcity which
are among the serious challenges globally. These issues which were
also hindering the growth of the country have led the biotech sector to
advance its research and development capabilities and bring to the fore
novel solutions like newer drugs and advanced technologies to handle
shortage of fuel and food.
The sector which offers employment to 100, 000 people , has the potential to increase it to six to seven times in the coming years. It is optimally poised to deliver higher growth and introduce new products in 2013 which is seen as a year of immense possibilities.
Karnataka plays a crucial role in the biotech success story of India. The state accounts for over 50 per cent of the 300 biotech companies in India. It has also chipped in 50 per cent of the Rs.28,500 crore ($5 billion) generated by Indian biotech in 2012-13 contributed by the vaccines, diagnostics, drug delivery devices, biosimilars and bio fuels.
Of the 390 R&D companies in Bengaluru, biotech industry forms an integral part of the innovation. This importance to technology and the rising eminence of Bengaluru through the 13th edition of Bangalore India Bio cannot be ignored, said principal secretary, department of information technology, biotechnology and science & technology, government of Karnataka.
Karnataka has created safe good biotechnology practices which could be shared with other states and also become a brand ambassador for the country. At this platform, the three -day event will see an expression of diverse views which could be converted into proposals to the union and state governments .We need to advocate good research, manufacturing and marketing practices which is the foundation of economic prosperity and growth, said Kiran Mazumdar-Shaw, chairperson Vision Group on Biotechnology, government of Karnataka, Executive Committee member-Association of Biotechnology Led Entrepreneurs (ABLE) and CMD Biocon Limited.
The sector which offers employment to 100, 000 people , has the potential to increase it to six to seven times in the coming years. It is optimally poised to deliver higher growth and introduce new products in 2013 which is seen as a year of immense possibilities.
Karnataka plays a crucial role in the biotech success story of India. The state accounts for over 50 per cent of the 300 biotech companies in India. It has also chipped in 50 per cent of the Rs.28,500 crore ($5 billion) generated by Indian biotech in 2012-13 contributed by the vaccines, diagnostics, drug delivery devices, biosimilars and bio fuels.
Of the 390 R&D companies in Bengaluru, biotech industry forms an integral part of the innovation. This importance to technology and the rising eminence of Bengaluru through the 13th edition of Bangalore India Bio cannot be ignored, said principal secretary, department of information technology, biotechnology and science & technology, government of Karnataka.
Karnataka has created safe good biotechnology practices which could be shared with other states and also become a brand ambassador for the country. At this platform, the three -day event will see an expression of diverse views which could be converted into proposals to the union and state governments .We need to advocate good research, manufacturing and marketing practices which is the foundation of economic prosperity and growth, said Kiran Mazumdar-Shaw, chairperson Vision Group on Biotechnology, government of Karnataka, Executive Committee member-Association of Biotechnology Led Entrepreneurs (ABLE) and CMD Biocon Limited.
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