NEW DELHI: The domestic biotechnology sector, which closed at $1.5 billion mark in 2005-06, is expected to touch $5 billion by 2010. The sector is growing at a CAGR of 35%. Biotechnology by definition is the exploitation of biological process for industrial and other purpose. At present, India has over 300 biotech firms focusing on different aspects of value chain and their number is going to be more than double in next three to four years, says a release from Assocham. >>> Discuss This Story
