Local health wants have been the explanation for the lot of Indian biotech companies to be formed. However, since then, with the robust progress of biotechnology market, and their skill to provide cheap generic alternative medicines to many medication, India has the potential to turn out to be the worldwide hub for biotech products. Some Indian companies use service contracts with overseas companies to fund their operations, similar to Wyeth. India’s biotech industry grew by almost 42% last 12 months and is now second only to the USA in its variety of FDA-authorized drug manufacturing plants. India boasts greater than $600 million in annual revenues from its biotechnology industry.
Over the past decade consumption of Human and Animal Health care merchandise Agricultural products and Industrial products increased considerably in India. There is additionally alternative for India in the areas of Monoclonal antibody technologies, Pharmacologists, protein engineering technology and DNA sequencing, though biotech stays the most important sector accounting for almost 70% of the entire revenues in 2007-08.
At present there are more than 300 biotech companies in India, which produce specialized services and products in numerous sectors of bio technology. Based on the latest surveys, the top biotech companies contribute round about 27 % of the entire revenue of the sector. With the liberalization in the Indian economy, quite a lot of international biotech companies are also coming into the Indian market to cater to the needs of the target audience. Here are we specified some top biotech companies in India.
Top 10 Biotech Companies in India
- Biocon India
- Sisco Research Laboratories Private Limited
- Nicholas Piramal India Limited
- Biotech India
- Biotech Support Services
- Care Biomedicals
- Indo-America Hybrid Seeds (India) Private Limited
- Dr. Reddy’s Laboratories
- Life Science Technology