Released on = July 11, 2007, 3:23 am

Press Release Author = Shushmul Maheshwari

Industry = Biotech

Press Release Summary = Biotechnology industry has been showing positive growth over
the past few years. The industry grew from US$ 800 Million in 2003-04 to US$ 1.45
Billion during 2005-06, and reached US$ 2 Billion in 2006-07.

Press Release Body = Revenues from Biotechnology industry in India hit US$ 2 Billion
mark during 2006-07, double form just US$ 1 Billion in 2004-05, as per the
information disclosed at the Bio event held in Bangalore on June 7, 2007.

The industry is heading in the right direction for meeting its goal of US$ 5 Billion
mark by the year 2010, Biocon India’s CMD Kiran Mazumdar Shaw said in her
introductory remarks at the opening ceremony of Biotech event “bio
2007”, as reported by RED HERRING on June 7, 2007. However, the state and
federal science & technology ministers are ambitiously targeting at the sales of
around US$ 40 Billion by the year 2015.

According to Shaw, challenges still exist for the industry. “India needs a
strong focus on discovery research and has to replace its generics and services
mindset by innovation,” said she, indicating the precautious attitude of
industrialists in the country, who unlike the VCs in US, do not back risk ridden
biotechnology innovation. Consequently, initial funding is tricky for the biotech
industry in India, added Shaw.

The “biotechnology industry is a global industry and is exemplified by what is
happening in countries like China, India, and Cuba. We will soon see a reverse flow
of medical discovery from these regions to the West,” Sir David Lane said.
Lane is a scientist well known for the discovery of cancer gene, and the executive
director with the Institute of Molecular & Cell Biology in Singapore. RED HERRING
published Lane’s statement on June 7, 2007.

In its recently published report “Asia Pacific Biotechnology Market
(2007-2010)” RNCOS has found, “India has enormous potential to emerge as
one of the key players in the global arena by the year 2010. Generating around US$
800 Million in revenues during the year 2003-04, the fledging industry, in spite of
all obstacles, could manage to reach US$ 1.45 Billion during 2005-06. It’s
poised for leveraging its technical expertise and scientific skills for making a
global impact via a robust innovation led platform.”

Key issues and facts analyzed in the report include: an overview of Bioclusters in
the Asia-Pacific Biotechnology industry, course of market growth for the next five
years, issues confronted by the Asia-Pacific Biotechnology industry, etc.

About RNCOS E-Services Pvt Ltd.:

RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of
industry experts who analyze data collected from credible sources. They provide
industry insights and analysis that helps corporations to take timely and accurate
business decision in today\'s globally competitive environment.

For more information visit: http://www.rncos.com/Report/IM520.htm
Current Industry News: http://www.rncos.com/blog


Web Site = http://www.rncos.com

Contact Details = RNCOS E-Services Pvt Ltd.
Shushmul Maheshwari
Head of Business Development
29, 1st Floor, Patparganj Industrial Area, Delhi 92
91-11-4214-1229
info@rncos.com