BioTech - #SectorUpdates

India is not too far away from reaching the league of top-10 countries in Biotech’s global ecosystem. India’s bio-economy has grown 8 times in the last 8 years and is worth $80 billion at present. More than 5 thousand startups are registered countrywide as biotech. The Pharma value chain is based on strong partnerships and collaborations. Startups, academic research labs, pharmaceutical companies, Contract Research Organizations (CROs) and Life Science technology companies all play an important role in the ecosystem. Experts feel this value chain needs to be strengthened through supply chain security, digital transformation and sustainability. Aligning processes with greener alternatives can give India a major competitive advantage in the global market.

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