Future Now
The IFTF Blog
Health Biotech Blossoming in India
A new study published this month in Nature Biotechnology looks at the innovative potential of health biotech firms in India.
According to India's Association of Biotechnology Led Enterprises, the country's total biotech exports in the financial year that ended March 2006 were 33.57 billion rupees (US$763 million; euro570 million). Health-related biotechnology exports were nearly 75 percent of total Indian exports.
India's health biotechnology companies are on their way to becoming major global players because they can produce generic drugs at significantly lower costs than their Western counterparts... ''Indian companies appear well positioned to leverage their cost-effective manufacturing capabilities to corner some of this market share and compete on a global level,'' the report said.
Full article:
Technology Review: India's health biotechnology companies set to boom