
Everyone will be familiar with India's might in information technology,India is a world better in terms of revenue,workmanship and quality offered in Information technology. But India is now shifting its focus to the most promising industry of the future,"Biotechnology" With its huge talented human resources, world-class information technology industry, and vibrant pharmaceutical companies, India has an advantage to emerge as a significant player in the global biotech arena. Biotechnology is perceived as a revolution throughout the world. Scientists, through Research and Development (R&D), have developed and are continuing to develop cures for diseases that have affected people for decades and even centuries. Scientists recently, have also, clinically developed crops that can withstand the rutalities of weather changes, helping poor farmers of the developing countries to retain their yield and increase their output manifold. Biotech, considered a boon by some, provides great hope to many around the world, and its benefits are and will be realized by more and more people over the years.
On the threshold of this new bitechnology revolution the so called second green revolution of India, numerous Biotech companies have sprung up to take a piece of the exponentially growing Biotech market worldwide. The globalisation and opening up of Indian companies for FDI enable biotech companies from the West to tap large markets around the world. India to this extent holds a good advantage over many other countries of the world. With its large population of over a billion people there is a huge market for products and services. India’s population has a very interesting demography that creates almost a perfect environment for biotech companies to shift bases here. In addition the Indian sub-continent, which occupies only 2.4% of the total global surface area, has the most varied species of flora and fauna. A study shows that, in percentage terms, India has about 7.6% of total mammal species, 12.6% of bird species,
11.7% of fishes and roughly 6.0% of total flowering plants that are present in the world. Biotech companies, by moving to India, can utilize this immense Bio-diversity, can easily find samples and, also conduct field research much more efficiently. Adding to this, India has one of the largest agriculture sectors in the world, and varied climatic zones that can help in research and development of different agribiotech products applicable worldwide.
The oppurnities for India to emerge as a key player are there!! Lets hope that we can deliver
JAIHIND..
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