Revenues of Indian biotech sector surge to $4 b in 2010-11

Revenues of Indian biotech sector surge to $4 b in 2010-11

Of this, the biotech industry contributed Rs 17,249.34 crore, while the life science education market made up the remaining Rs 1,150 crore, according to the 9th annual BioSpectrum-Association of Biotechnology Led Enterprises (ABLE) survey. The biotech industry, without the life sciences education component, recorded revenue growth of 21.5 per cent vis-a-vis 2009-10 revenues of Rs 14,199 crore.

The top 10 South-based companies, led by Biocon, accounted for $1 billion (Rs 4816 crore) in revenues.

The contribution of the ‘BioPharma’, ‘BioServices’, ‘BioAgri’, ‘Bioindustrials’ and ‘Bioinformatics’ verticals was Rs 10,645 crore, Rs 3,245.97 crore, Rs 2,480 crore, Rs 626 crore and Rs 252 crore, respectively.

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