Bio-tech to grow to $ 100 b

Union Minister for Science and Technology and Earth Sciences Harsh Vardhan has said that biotechnology sector is growing at an annual rate of 30 percent and India is set to become home to the world’s third largest set-up by 2025. Inaugurating the first phase of the Bio Innovation Centre of the Rajiv Gandhi Centre for Biotechnology in Tiruvananthapuram, he said, “I see 10 years down the road a $ 100 billion industry which will be the powerhouse on a global scale. At this rate it looks likely to be bigger than the domestic pharmaceutical industry.”

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