Biotechnology is an important sector to India that enhances India’s global profile. India is the largest producer of recombinant Hepatitis B vaccine. Out of the top 10 biotech companies in India (by revenue), six focus their expertise in bio-pharmaceuticals and four specialise in agri-biotech. India is also one of the top 12 advanced biotech industry in the world. In India, the biotechnology is among the fastest growing knowledge based sectors. It is being used now to develop and design improved varieties of crops, new pharmaceutical products, plethora of chemicals, cosmetics, fertilizers, growth enhancers, processed foods, health care aids and environment-related substances, etc. India has made a mark with large number of therapeutic biotech drugs and vaccines, being currently produced and marketed in the country and also over the globe. The biotechnology industry in India, comprising about 400 companies, is growing at rate of 20% over the last 5 years.
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