India is one of the top twelve biotech destinations in the world and also in the Asia Pacific region.Owning the second highest number of United States Food & Drug Administration (USFDA) approved plants, India has been on a strong growth trajectory.
The Indian biotech industry holds more than 2 percent share of the global biotech industry. It is expected to grow at a rate of 30.46 percent CAGR and expected to reach more than $11.6 billion in 2017 and USD 100 billion by the end of 2025.
The growth of this sector is foreseen with positive growth in the healthcare services, food & nutrition intensive R&D activities, etc. The Indian biotechnology sector is a swiftly growing sector in India and is expected to play an important role in improving the economy of the country.
The sector is one of the most significant sectors that contributes to the growth of the economy. The biotech sector in India is divided into five major segments namely, bio-pharma, bio-agri, bio-services, bio-industrial, and bio-informatics.
Biotechnology is a vast sector and comprises of various fields like Biopharma, Bioinformatics, etc.
It has attracted a large number of global biotech companies, as this sector has a high potential to grow and biotech products are in a huge demand. This lays down the list of the top 10 Biotech Companies in India.