Released on = May 15, 2006, 9:51 pm

Press Release Author = RNCOS

Industry = Biotech

Press Release Summary = RNCOS Research:
(http://www.marketsmonitor.com/category/Biotech14.html) Biotechnology in India is
proving to be highly successful. Its development is pushing bio-industry executives,
research scientists, and venture capitalists to apply ideas for bio-products.
Biotechnology has great potential in agriculture and environment.

Press Release Body = RNCOS Research:
(http://www.marketsmonitor.com/category/Biotech14.html) Closely following
information technology, the next success in India is biotechnology. As per Mckinsey
by 2020, only two main biotechnology companies will comprise a market
capitalization, which will be the same as the collective market capitalization of
all of the IT companies at present.

This rapid growth in biotechnology is working as an incentive to bio-industry
executives, research scientists, and venture capitalists to come together to put
forth ideas that would triple the market for bio-products. The latest inclination is
towards the application of IT to biotechnology, transgenic crops, plant genomes,
crop protection, food security, and induced resistance to plant diseases. With this
in the background a number of biotechnology researchers want to become
entrepreneurs.

The world currently spends about US $7 billion on outsourced biotech R&D. Further
this is expected to grow by 30% every year for the next 5 years. Also there is a
growing increase in the global trend to outsource R&D to areas of lower-cost
capabilities in biotechnology. CROs can be compared with software development in the
IT sector in terms of the formers activity and they have a potential to function as
export oriented units.

Bio-informatics can prosper relatively easily through the development of software to
handle biological data. Biotechnology is the most updated division of science, which
is believed to have immense potential in agriculture and environment.

In their market research report, "Indian Biotechnology Market Outlook (2006)" RNCOS'
analysts reveal that the present biotech workforce employed in India is 10,000 and
this is expected to double in 2006. Of this total workforce 50% will be in research,
35%in the technical and services sector, and 15% in management.

The report gives a clear picture of the future Indian biotech market, the
initiatives and policies of central and state governments covering all segments of
the market. Having made an intensive SWOT analysis the report analyzes the sector in
terms of size, demand, and foreign and domestic markets for 2005 while making
forecasts till 2010.

Finally the report lists company profiles of 20 major companies in the biotech
industry including Shantha Biotechnics, Biocon, Bharat Biotech, Wockhardt, Serum
Institute of India, Zydus Cadila, and Aventis Pharma.

About RNCOS:
RNCOS, formed in 2002, offers Market Research Reports via MarketsMonitor for your
business needs and aims to put an end to your information pursuit. Our expertise in
gathering global business information for industry research, corporate training,
growth consulting, and business consulting, brings reputed companies and firms to us
for business enhancement solutions. We can be your one-stop-shop for Industry
research information and niche market analysis.

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