• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• Smartbuy

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Bangalore, April 24 The domestic biotechnology industry is now a $3-billion (around Rs 12,000 crore) sector, registering 30 per cent growth in 2007-08 over the previous year.

Half of the 24 companies that came up were in Bangalore, that accounts for 60 per cent of the $1.5-billion exports, the Karnataka IT and Biotech Secretary, Mr Ashok Kumar Manoli, said citing an industry survey.

The top five companies by revenue contributed a third of the $3-billion turnover of the industry.

Research services touched $500 million and bio IT (bioinformatics) was $250 million.

The State Chief Secretary, Mr Sudhakar Rao, said Bangalore’s biotech companies had maintained 35 per cent growth rate with investment of $250 million in 2007-08.

Bangalore’s bio-cluster alone has 200 diverse companies, he said.

The city’s growing strength in the sector was reflected in the growth of the annual bio conference this year: 150 exhibitors from 120 last year; 650 delegates from 500 last year; 15 countries and 50,000 visitors.

Phase 1 of the biotech park Bangalore Helix was nearing completion and the $1-million phase 2 would be ready in two years.

More Stories on : Bio-tech & Genetics

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Hiring may slow down in coming quarter

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line