A survey conducted by the BioSpectrum-ABLE in 2006-07 reveals that the biotech sector in India has exceeded US$2 billion with the industry registering nearly 31 percent growth over 2005-06.

The following table shows the growth in several sectors during the last five years. The agricultural biotech (BioAgri) sector grew from $26.82 million in 2002-03 to $225.85 million in 2006-07 with highest year on year growth in the last half decade. It grew 54.85 percent in 2006-07 over 2005-06 with 95 percent revenue generated from the domestic market. The entire biotech sector generated 58 percent revenues from the export market.

Five Indian seed companies are now among the top 20 biotech companies in the country, with Bt cotton seeds becoming a revenue market due to farmer acceptance of the product.

Biotech Sector in India (2002-07) (Figures in Million Dollars)

Sector/Year	2002-03	2003-04	2004-05	2005-06	2006-07
BioInformatics	18.29	19.51	24.39	29.26	35.36
BioIndustrial	57.31	58.00	78.05	91.46	96.34
BioAgri	26.82	31.70	80.49	145.85	225.85
BioServices	32.92	67.10	103.66	175.61	268.78
BioPharma	436.58	671.22	870.73	1148.30	1456.83
Total	571.95	847.56	1115.85	1590.49	2083.17

For more information visit http://www.biospectrumindia.com or email Bhagirath Choudhary of ISAAA South Asia Center at b.choudhary@isaaa.org.