NEW DELHI, INDIA, May 06, 2006 - RNCOS Research Spreading over 600sq km, the genome valley in Hyderabad is developing into the first technologically advanced biotech huddle for life science activities such as research, training and manufacturing in India. The valley will accommodate international life science institute, a biotech incubation center for start-ups and a top-notch animal resource facility and several among other amenities. Almost 50 biotech companies, which include several MNCs, have already established their units in this huddle.
A syndicate of companies is providing financial support to this endeavor. Initially, the government had allotted 100 acres land for the life science research facility. However, the government has also allotted 300 acres of land for the third phase of the biotech park, as two phases have already been occupied.
As per a recent market research report named "Indian Biotechnology Market Outlook (2006)" published by RNCOS, "With an amount of $30 million, the state has also launched India's first biotech business enterprise fund. It has been introduced as a joint venture between Dynam Venture East, USA and Andhra Pradesh Industrial Development Corporation (APIDC) Venture Capital Ltd to subsidize start-up biotech firms".
As per experts, "The consumption of biotechnology products in India will reach $1.52bn and $4.53bn by the years 2007 and 2010".
The report is useful for both the investors as well as the entrepreneurs, as it includes:
· The company profiles of 20 leading firms including Biocon, Wockhardt, Bharat Biotech, Zydus Cadila, and Aventis Pharma etc in the biotech sector.
· Thorough analysis of the biotech market, in terms of demand, exports, size and domestic market, in India for the year 2005.
· Region wise analysis of biotech market in India is also covered.
· A comprehensive discussion of the initiatives and policies taken up by the state and central governments to support this industry is also included in this report.
· The future prospects and set of opportunities for the growth of the biotech industry in India plus various challenges the industry is facing at present are covered in this report.
· Forecast till the year 2010.
For more information about the report please visit www.rncos.com |
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