Biotech sector in India valued at $150B, says BIRAC MD

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The number of biotech startups has now touched 8,000 from around 300 over a decade ago, Dr Jitendra Kumar, Managing Director of the government's Biotechnology Industry Research Assistance Council (BIRAC), said.

This is because much of the value stems from patented, innovative products'—an area where India still needs to improve," Kumar said.

Our bio-incubation centres offer 'plug and play' laboratories, which have made it easier for startups to carry out their research and development," he added.

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Article Details

Author / Journalist: Press Trust of India

Category: StartupsEconomyBusiness

Markets: IndiaChinaCuba

Topics: Biotechnology Kumar Enterprise Innovation Research Sector Government Biotech India Startups Birac

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-20 @ 10:26:54 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 408 words

Reading Time: 3 minutes read

Sentences: 27 lines

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News ID: 23133781

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