BIOTECHNOLOGYThebiotechsectorinIndiaisamongthefastgrowingknowledgebasedsectorswithIndiaemergingasabiotechnologyhubintherecenttimes.TheIndianbiotechsectorstands4thintermsofvolumeand13thintermsofvalue.Thissectorisexpectedtoplayakeyroleintheneweconomy.Indiahasmanycomparativeadvantagesintermsofknowledge,skills,R&Dfacilitiesandcostsinthesector.Theinstitutionalinfrastructureinthecountryprovidesthebasicfoundationforthesestrengthstotranslateintobusinessopportunities.India'sbiotechnologyindustryhaswitnessedanothergoodyearin2005-06repeatingthepreviousyear'sgrowthrates,withsalesgrowthof37.42percenttoreachRs6,521crore($1.45billion)inrevenues.AdvantageIndiaIndiahasapromisingpotentialtobeaglobalplayerinthearenaofBiotechnologyowingtoalargepoolofskilledandcostcompetitivemanpower,welldevelopedandintegratedscientificinfrastructure,advancedchemicalsynthesistechnologies,manufacturingpracticesconformingtoUSandEUnorms,diversebiologicalresourcesand,beinggloballyrecognizedasaproduceroflowcost,highqualitybulkdrugsandformulations.OverviewofbiotechcompaniesTheTop5biotechcompaniesaccountedfor38.79percentofthetotalbiotechbusinessofRs6,521crore.Top10biotechcompaniesinthecountryaccountedfor50.9percentofthetotalbiotechbusiness.TheTop20biotechcompaniesin2005-06accountedfor61.9percentofthetotalbusiness.TheTop35biotechcompaniescontributedfor69.07percentofthetotalbusiness.TheTop10homegrowncompaniesaccountedfor46.47percentofthemarketshare.TheTop20homegrowncompaniescontributed48.45percentofthetotalbiotechbusiness.BiotechIndustryRevenue(2005-06)SEGMENTRevenueGrowthPercentageshareofSub(Rs(%)sectorstototalshare(%)Crores)BioPharma(Vaccines,4,70831.8872.20Theraputics,Diagnostics).Bio-Agri598819.17BioServices72069.2911.04BioIndustrial37517.195.75Bioinformatics120201.84Total652137.42100Source:AssociationofBiotechnologyLedEnterprisesExportsThetotalbiotechexportsin2005-06wereatRs3,357.17crore,whilethedomesticbusinessreportedRs3,163.83croreinsa