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	View Edit Domain: GreenBio Title: * Body: India’s biotechnology sector is set to become a $10 billion industry by 2015, CMD of Biocon Ltd, Kiran Mazumdar-Shaw said today. She expects the industry to grow to $5 billion by next year. In 2008-09 it was $2.51 billion.<br /> <br /> "India’s biotechnology industry is at an inflexion point, and has attained a critical mass, Mazumdar-Shaw said. It now has a platform from where it can leapfrog and deliver exponential growth, she said. India is also becoming the vaccine capital.<br /> <br /> India is today becoming the vaccine capital. Bio-manufacturing offers a huge potential and there are indications many global contract manufacturers announced they will be shifting their base from Europe to Asia. I think India will be a beneficiary of that strategy," Kiran added. Clinical trials, agri-biotech and bio-fuels are becoming opportunities. There are a lot of growth drivers and trigger points which, she said, will deliver in the next five years.<br /> <br /> Department of IT, bio-technology and science and technology, Karnataka, Vision Group on Biotechnology on Tuesday announced the 10th edition of Bangalore Bio, rechristened Bangalore India Bio is scheduled to be held from June 2 to June 4 in Bangalore.<br /> <br /> But, as the sector aims to grow rapidly, it may hit hurdles like poor human resources. The industry finds it difficult to get industry-ready graduates. Hence, Karnataka has decided to select 10 institutions with the infrastructure to have finishing schools with focus on specialised skill development to make graduates in biotechnology industry-ready. A sum of Rs 10 crore has been allocated to support the finishing schools, according to industry sources.<br /> <br /> Co-chairman of the high-power genetic engineering approvals committee (GEAC) Arjula R Reddy had earlier said that China had taken a major step forward in producing Bt rice varieties by becoming the first country to give the bio-safety approval for the development of Bt rice varieties.<br /> <br /> Reddy, a geneticist, had said that in a year or two China would be ready with disease-and-insect-resistant Bt varieties of rice which would considerably help reduce the cost of cultivation and also increase productivity.<br /> <br /> Copyright 2010 Business Standard<br /> Captcha: Please Enter Code : * Time Zone: * Select the time zone Vocabularies Newsletter: Domain: Show summary in full view Input format Filtered HTML Web page addresses and e-mail addresses turn into links automatically. Lines and paragraphs break automatically. Full HTML Web page addresses and e-mail addresses turn into links automatically. Lines and paragraphs break automatically. news_filter Web page addresses and e-mail addresses turn into links automatically. More information about formatting options			Related Articles Area with Transgenics will be 20.9% Greater in Brazil's Next... Agriculture biotech increases at RTP Need to conduct biotechnological agriculture research stress... More GMO crop propagation seen Biotech crops still viewed with suspicion German farm group regrets BASF’s GMO move to U.S. Activists, NGOs urge PM to withhold biotechnology regulatory... Unseen harvest of gene war on billion-dollar pest Indian govt urged to support Pakistan get GSP Plus status BIO Announces Fritz Bittenbender as the New Vice President, ... Top GreenBio Articles

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