India's biotech sector is expected to grow 25-30 per cent during the current fiscal over Rs 1,830 crore revenue generated during 2002-03, according to a joint survey by the Association of Biotechnology Led Enterprises and Biospectrum.
The combined revenues of Indian life sciences companies was $21 billion taking India to the number two spot behind China.
The sector earns a little more than half of its revenue from exports.
An industry-friendly regulatory mechanism for biotech sector would be put in place by November, Kapil Sibal, Union Minister for Science and Technology, said.
Exports revenue of Indian biotech industry grew by 47 per cent during 2006-07 at Rs 4,937 crore (USD 1.2 billion), even as the total revenue, including the domestic figures, stood at Rs 8,541 crore (Rs 85.41 billion).
India's biotechnology industry has crossed the $1 billion mark in revenues.
Speciality media company Cyber Media (India) Ltd would hit the capital markets with an initial public offer of 28.22 lakh shares to raise Rs 16.93 crore (Rs 169.3 million) for funding expansion plans, including launching a magazine in Singapore.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances