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The Indian biotechnology industry is a rapidly growing sector, ranking among the top 12 biotech powers worldwide and third in the Asia Pacific region.
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In 2017, the industry generated revenues of US $11.6 billion, with 800 biotech companies categorized into five segments: Bio-pharma, Bio-services, Bioagri, Bio-industrial, and Bio-informatics.
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Bio-pharma was the highest revenue contributor at 64% in 2016, followed by Bio-services (18%), Agri-business (14%), Bio-industry (3%), and Bio-informatics (1%).
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India is a major player in the Bio-agri segment, with the fourth largest area under genetically modified crops, primarily Bt cotton, and is a leading producer of recombinant Hepatitis B vaccine.
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The Government of India supports the industry by collaborating with private companies to boost Research and Development, and establishing biotechnology parks for advanced research infrastructures.