Released on = July 21, 2007, 2:18 am

Press Release Author = Shushmul Maheshwari

Industry = Biotech

Press Release Summary = India’s biotechnology industry is growing rapidly.
Looking at this opportunity several big global companies are vying to invest in
biotechnology market in India.



Press Release Body = Biotechnology industry in India is progressing. The revenues
generated by the industry reached US$ 2 Billion in 2006-07, an increase of US$ 1
Billion over 2004-05 and US$ 1.5 Billion over 2005-06.

India’s significance in Biotechnology filed is diverse. Besides generating
skilled manpower plus a knowledge base, the country is demonstrating to be a perfect
location for manufacturing as well as high-level biotech research programmes. With
the help of government initiatives, Indian Biotechnology industry is perched for a
remarkable growth.

The biotechnology market in India possesses a growth rate of 36.5% annually. This
growth rate is among the maximum in the globe. Even though the country currently
holds a market share of barely 2% of worldwide revenues however, it has an immense
potential to develop into a major player in the worldwide biotechnology market by
the year 2010.

Global biotechnology players have demonstrated an increasing interest in
collaborating with Indian companies. This was highlighted by the fact that chief
executive officers of several global companies participated at the biotechnology
event in Bangalore.

Industry observers are comparing biotech industry in India to a baby elephant.
It’s still in its youth and possesses the potential to develop and acquire
substantial space in the worldwide biotech business.

As per RNCOS’ recent report “Asia Pacific Biotechnology Market
(2007-2010)”, Indian biotechnology market vis-à-vis the Asian and global
markets, promises a great potential to become one of the most significant players in
the global arena by 2010. India ranks among the top ten biotech hubs of the world
and would join the elite club of top five biotech hubs by 2010 when its biotech
Industry would reach US$ 5 Billion from US$ 1.45 Billion in 2005.

This research reports also addressed some other interesting issues for today’s
global business environment like the role-played by the governments in Asia-Pacific
in promoting their respective biotech industries, forces that are working in favor
of the industry as well as opportunities offered by the industry.

About RNCOS E-Services Pvt Ltd.:

RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of
industry experts who analyze data collected from credible sources. They provide
industry insights and analysis that helps corporations to take timely and accurate
business decision in today\'s globally competitive environment.


For more information visit: www.rncos.com/Report/IM520.htm
Current Industry News: http://www.rncos.com/blog


Web Site = http://www.rncos.com

Contact Details = RNCOS E-Services Pvt Ltd.
Shushmul Maheshwari
Head of Business Development
29, 1st Floor, Patparganj Industrial Area, Delhi 92
91-11-4214-1229
info@rncos.com