Biotech Exports Up 47%
The Indian biotechnology industry grew by 30.9 per cent during 2006-07 to reach Rs 8,541 crore, while exports increased by a massive 47 per cent to Rs 4,937 crore.
At the current exchange rate, the industry’s top line works out to $2 billion and exports $1.2 billion. This has given the industry the confidence to set a top line target of $5 billion for 2010.