Biotechnology is globally recognized as a rapidly emerging, complex and
far reaching new technology. Biotechnology can, over the next two decades,deliver the next wave of
technological change that can be as radical and pervasive as that brought about
by IT. The recent and continuing
advances in life sciences clearly unfold a scenario energised and driven by the
new tools of biotechnology.The
convergence of advances in biology – genomics, proteomics, bioinformatics and
information technologies is driving the emergence of a new bioeconomy.
A large number of therapeutic biotech drugs
and vaccines are currently being marketed, accounting for a US$ 40 billion
market and benefiting over a hundred million people worldwide. Hundreds more
are in clinical development. In addition to these, there are a large number of
agri-biotech and industrial biotech products that have enormously helped
people. The global biotech industry recorded a turnover of US$ 64 billion
during 2003. Employment generation, intellectual wealth creation, expanding
entrepreneurial opportunities, augmenting industrial growth are a few of the
compelling factors that warrant a focused approach for this sector.
It was way back in 1980s when Government of
India considered the need for creating a separate institutional framework for
strengthening biology and biotechnology research in the country. The scientific
agencies like Council of Scientific & Industrial Research, Indian Council
of Agricultural Research, Indian Council of Medical Research, Department of
Science & Technology, University Grants Commission and some others were
supporting research in modern biology. However, it was with the establishment
of the National Biotechnology Board in 1982 that the area got a systematic
impetus. Human resource development, creation of infrastructure facilities and
support to research and development in carefully identified areas were given
the highest priority. Based on the success and impact of the activities of the
National Biotechnology Board, Government of India in February 1986 established
a separate Biotechnology Department under the Ministry of Science &
Technology. There have been major accomplishments and the field has tremendously
moved forward covering the areas of basic research, agriculture, healthcare,
environment, bioinformatics, human resource development, industry, safety and
ethical issues, etc.
Biotechnology industry in India has been
growing at an average annual rate of 40 %during the last five years and its
turnover during 2004-05 exceeded US$ 1 billion. Biotechnology as a business
segment for India
has the potential of generating revenues to the tune of US$ 5 Billion and
creating one million jobs by 2010 through products and services. This can
propel India
into a significant position in the global biotech sweepstakes.
Biopharmaceuticals alone have the potential to be a US$ 2 billion market
opportunity largely driven by vaccines and bio-generics.Clinical development services can generate in
excess of US$ 1.5 billion whilst bioservices or outsourced research services
can garner a market of US$ 1 billion over this time scale.The balance US$500 million is attributable to
agricultural and industrial biotechnology.
India has many assets in its strong pool of
scientists and engineers, vast institutional network, and cost effective
manufacturing. There are over a hundred national research laboratories
employing thousands of scientists. There are more than 300 college level
educational and training institutes across the country offering degrees and
diplomas in biotechnology, bio-informatics and the biological sciences,
producing nearly 500,000 students on an annual basis. More than 100 medical
colleges add 17,000 medical practitioners per year. About 300,000 postgraduates
and 1500 PhDs qualify in biosciences and engineering each year.
India is reorganized as a mega bio-diversity
country and biotechnology offers opportunities to convert our biological
resources into economic wealth and employment opportunities. Innovative
products and services that draw on renewable resources bring greater efficiency
into industrial processes, check environmental degradation and deliver a more
bio-based economy. Indian agriculture faces the formidable challenge of having
to produce more farm commodities for our growing human and livestock population
from diminishing per capita arable land and water resources. Biotechnology has
the potential to overcome this challenge, to ensure the livelihood security of
110 million farming families in our country.
The efforts in the last
two decades have directed notable interventions in the public and private
sectors to foster life sciences and biotechnology. There has been substantial
progress in terms of support for R&D, human resource generation and
infrastructure development. With the introduction of the product patent regime
in January 2005, India
has created the right environment for innovation.
yes Mr. karamjeet its very true that biotechnology will be the driving force behind the agriculture and the farmers of the country who are the backbone of the country, and biotechnology is seeing a upward movement lately, and in next decade it will grow like anything generating Billions of dollars in revenue....great article..