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OEM Update

Indian biotech records Rs 12,137 cr. Turnover

July 31, 2009 10:55 am

Indian biotech records Rs 12,137 cr. Turnover
 
India’s biotech sector, consisting of bio-agriculture, bio-pharmaceuticals and services, recorded a turnover of Rs 12,137 crore with a growth rate of 18 per cent. The exports from the sector are estimated at 60 per cent of the total turnover during 2008-09.
 
There are 370 biotech companies, and the bio-agri sector is growing at 35 per cent annually, with the services sector registering 31 per cent. The bio-cluster concept has given a fillip to the sector development.

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