Biotechnology sector is recognized as one of the key drivers for contributing to India's USD 5 Trillion economy target by 2024. Indian Biotechnology sector is poised to grow exponentially over the next decade. Policy initiatives of Government of India (GoI) such as Make in India program are aimed to develop India as a world-class Biotechnology and Bio-manufacturing hub. India is among the top-12 destinations for biotechnology in the world, with approximately 3% share in the global Biotechnology industry.
Indian Biotechnology industry's economy is valued at $51 billion during 2018-19 which improved from 2017-2018. The Bio economy registered 6.8% change from 2016 valuation of $41.64 billion. According to World Bank's Doing Business Report 2014-18, India is now ranked 1st among South-Asian countries compared to 6th rank in 2014. India was ranked 52nd according to the Global Innovation Index Report 2019.
Recognizing the importance of this sector, Global Bio India 2019 is going to deliberate on the opportunities and key challenges in the areas of bio-manufacturing, clinical trials & drug discovery, capacity-building, creating global supply chains for achieving a growth-oriented road-map for biotechnology sector in the country. Investors meeting, exhibition, webinars, hackathons, B2B meetings are few salient components of the event. Global Bio-India 2019 would showcase key biotechnological innovations, products, services, technologies from national and international companies, start-ups and research institutes, identify funding and collaboration opportunities for research and development, explore licensing options for existing products, attracting major contract projects from international companies as well as major global venture funding into India and facilitate interactions of research institutions with the industry.