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THE PHARMA REVIEW (MAY 2010)

Private Investments - Indian Biotechnology Industry’s Hope for the Future

Mr. Koushik Chakraborty, Kiran Kumar Reddy

Abstract
Indian Biotechnology industry during last financial year grew at a modest 10.5 %, which is in sharp contrast with global Biotech industry which nose dived due to global slow down. It has been insulated from the severe volatility at the global level perhaps due to its small size. The Indian Biotechnology industry has benefited from the recent focus on knowledge-based industries. Under the present economic scenario development of Biotechnology in India is crucial because of its generic status implications for economic production in the sectors like agriculture, health, industry and environment by and large.

 

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