Biotechnology is the technology that makes use of the vast, diverse, quantity and quality of life in various forms to deliver and package them into products. Biotechnology or sometimes known as Biotech has been directly linked with health and the agricultural sector, mostly in India. It is very often linked with bio-engineering and bio-medical engineering. India is one among the 12 most sought destinations for Biotechnology and is the highest producer of recombinant Hepatitis-B vaccine.
To understand the extent of biotech usage in India, the agricultural sector in India just overtook Canada for being known as the fourth largest ever country to produce a biotech crop or a genetically modified crop by planting over 11 million hectares of Bt Cotton. India has about 10 major companies working in this sector, where in about 6 of them are mostly focused on bio-pharmaceutical products and the remaining 4 in the agricultural bio-products sector. In the recent times, this sector has been getting a lot of attention from the Government of India by providing scope and investing in infrastructure for Research and Development (R&D) in the sector.
According to the most recent report in October 2014, India’s share of Biotech revenue and worth is about 2 percent of the worlds biotech industry. The industry is expected to grow to about 74 Billion US Dollars by the year 2020. The Indian market is growing at the rate of 20 percent every year, which seems to be quite promising for being in line and on par with the cutting edge technology in the world. India is a leading destination in the world for clinical trails, contract research and manufacturing services which generates a revenue of about 630 Million US Dollars.
Genetics, genomics, bio-computing, bio-medical engineering, bio-sensors and bio-informatics are the hottest topics in the sectors. As an inter-disciplinary subject, it requires extensive knowledge in the field of chemistry, biology, mathematics and physics to excel in the field. Over the past two decades, India has seen a lot of investment in research in the industry which has in turn led to the creation of high quality jobs in the industry, which has facilitated the initiation of attractive educational courses for the same. Along with this, the Government has taken a lot of initiatives to improve the biotechnology sector in India. Various departments in the industry are working together to make India one of the Biotechnology global-hubs for research and business excellence. Therefore, there is a lot of potential in the market, a lot of jobs and the industry has a bright future. There is also widened scope for masters in the same sector to specialize in a very articulate and a meticulous field of its own.