Industry Embracing Biotech

From agriculture to healthcare, biotechnology has wide spread applications, be it in the form of biosimilars or genetically modified crops. With its increasing scope of adoption in India, the country has become one of the fastest growing markets for biotechnology. Reports suggest that the Indian biotechnology industry is expected to grow at a CAGR of more than 15 per cent. The sector has also received support from the government in the form of policy support.

With 100 per cent FDI allowed under the automatic route for greenfield pharma and manufacturing medical devices, the segment is up for an exponential growth. Given the significance of the sector for Indian economy, we decided to cover this market. In this special issue, the cover story features Concord Biotech which is one of the fastest growing Indian biotechnology companies that has played a pivotal role in making India Atma Nirbhar in many of the fermentation products it manufactures and is catering to the needs of India and global markets.

Concord has one of the largest number of Bioreactors in India and has set up one of the world’s largest fermentation based API plant to cater to the growing needs of global customers. Also featuring in this issue is Curadev which has, despite the lack of a nurturing ecosystem, established itself as a prominent player in new drug discovery arena. The firm is known for prescient target selection and high-quality, program execution. Similarly, there are a few other companies that are disrupting the biotech domain.

After studying this industry landscape in-depth, we have zeroed in on Top 10 Biotechnology Companies in India that have excelled in this domain with their innovative approach. Having proven their dedication to efficiency in order to meet the customer expectations in an end-to-end manner, these companies have stood out from the crowd.

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