Bright future for biotech sector
THE HANS INDIA |
Aug 29,2017 , 01:04 AM IST
Tirupati: Biotechnology is going to rule the world in near future and Indian biotech industry is expected to reach 100 billion US dollars by the year 2025 as it has already touched 41.64 billion US dollars currently from 1.1 in 2005, said Dr Sudha Nair, CEO of the Biotech Park for Women Society in Chennai.
She delivered the keynote address at the sensitisation workshop on ‘Entrepreneurship Development Programme in Bio-Sciences for Women’ organised by the Department of Biotechnology of Sri Padmavati Mahila Visvavidyalayam (SPMVV) here on Monday.
- Indian biotech industry to touch $100 billion-dollar mark by 2025: Dr Sudha Nair
- Speakers lay stress on women to venture into biotech field
- Five-day workshop on opportunities to women in biotech begins at SPMVV
The five-day workshop is sponsored by the Department of Biotechnology (DBT), Ministry of Science and Technology, New Delhi. Sudha Nair stated that India is home to the third largest number of tech driven start-ups in the world, she revealed.
India’s potential in biotechnology sector makes it 12th most successful country in the world and third in the Asia Pacific region, she said and added that there were 1,022 biotechnology start-up firms in India. This sector is growing at 10 to 15 per cent and is adding 15-20 per cent workforce every year, Sudha Nair said.
She stated that the Indian biotechnology industry holds 2.4 per cent share of the global market. This industry was divided into five major segments. They are bio-pharma, bio-services, bio-agri, bio-industrial and bio-informatics. Among these, bio-pharma sector accounts for largest share of the biotechnology industry with a share of 62 per cent (2015) while the least is bio-informatics with a share of a mere one per cent. She made an appeal to women to make the best use of opportunities provided by the government.
Dr Arun Ninawe, scientist and adviser of DBT, explained various funding programmes available under DBT such as biocare, biotech parks and other opportunities for women.
The chief guest of the inaugural session of the workshop Prof V Durga Bhavani, V-C of SPMVV emphasised on the need of taking technology to product production by women and expressed happiness for allocation of funds to Rural Women Technology Park and Technology based Incubation (TBI) Centre of the university from DST.
Workshop Coordinator Prof V Kalarani and Registrar Prof D Mamatha also spoke on the occasion. The Dean of Sciences Prof K Sandhya Rani has presided over the session while Dr R Usha has proposed vote of thanks.