There are over 9,000 startups and more than 5000 established biotechnology companies in India. Key segments the biotech market in India include bio-pharmaceuticals, vaccine manufacturing, industrial biotechnology, environmental biotech, and agricultural products.
India is one of the top 12 biotechnology countries, and ranks high in Asia, though China, Japan, and South Korea remains the top three biotech countries in the region. Immuneel Therapeutics, Biocon, Bharat Biotech, MedGenome, Serum Institute of India, Dr. Reddy’s Laboratories Ltd., Zydus Lifesciences, Panacea Biotech, Gennova Biopharmaceuticals, Mapmygenome and Eyestem are major biotechnology companies in India.
India has a 4% global share in the biotech market. The biotech economy of India grew from US$ 10 billion in 2015 to US$ 130 billion in 2024. It is expected to reach US$ 150 billion in 2025, contributing approximately 3.3-3.5% to the GDP. Also by 2030, it is projected to reach US$ 300 billion.
Biopharma retains the 49% share of the bioeconomy, and has contributed a share of US$ 39.4 billion to the economy. 37% of the industrial R&D spending is in biotechnology. In the area of agricultural biotechnology, there are many agricultural biotech companies in India that research and produce genetically modified crops, biopesticides, and biofertilizers.
Bioinformatics is also an emerging sector in the Indian biotechnology landscape. The Biotechnology Information System Network, an Indian government initiative is set to improve collaboration between the biotech and IT sectors. The bioinformatics market in India was valued at $510 Billion in 2020, and is expected to reach $1 billion by 2025.
India has a 6% share in global fermentation capacities, 65% of WHO’s vaccine requirements (producing 60% DPT, BCG, and measles vaccines global needs), and 20% global biosimilar development pipeline. Expenditure on R&D by biotechnology companies in India stood at $2.9 billion in 2021.
The Indian government through the Department of Biotechnology (DBT) and Biotechnology Industry Research Assistance Council (BIRAC), has backed biofoundries and biotech clusters. They supported biotech related projects with USD 1.1 billion allocation in 2021.
The Department of Biotechnology (DBT) has supported 11 Biotechnology Parks across various states in India. Also, there are 52 BIRAC-supported bio-incubators.
Some of the clusters include NCR Biotech Cluster along the Gurgaon Highway, Genome Valley in Hyderabad, Bengaluru, Pune, Navi Mumbai/MIDC, and Chennai. The Southern cities of India such as Bangalore and Hyderabad boost the presence of many research institutes, biotech parks, and academic institutes like the Indian Institute of Science and the Centre for Cellular and Molecular Platforms (C-CAMP).
In Western India, Maharashtra’s cities like Pune and Mumbai remains the major biotech hubs, while in Eastern India, infrastructure like the Kolkata Biotech Park, is helping to boost the biotech sector in Odisha. In Northern India, there are initiatives like the Biotech Park in Lucknow, Uttar Pradesh, Biotech Park in Faridabad, and other research institutions in Delhi.
Biotechnology Companies in India (Cities)
List of Biotechnology Companies in India
Top Biotechnology Companies in India
- Serum Institute of India, headquartered in Pune, Maharashtra.
- Biocon Ltd., located in Bengaluru, Karnataka
- Bharat Biotech, headquartered in Hyderabad, Telangana
- Reliance Life Sciences, based in Navi Mumbai, Maharashtra
- Strand Genomics, based in Bengaluru, Karnataka
- Panacea Biotech Ltd., headquartered in New Delhi
- Jubilant Life Sciences Ltd, based in Noida, Uttar Pradesh
- Dr. Reddy’s Laboratories Ltd., with headquarters in Hyderabad, Telangana
- Gennova Biopharmaceuticals, with headquarters in Pune, Maharashtra
- Indian Immunologicals Limited, based in Hyderabad, Telangana
- Mapmygenome, based in Hyderabad, Telangana
- Eyestem, based in Bengaluru, Karnataka
- Bugworks Research, based in Bengaluru, Karnataka
- Hester Biosciences, based in Ahmedabad, Gujarat
- Wockhardt, with its headquarters in Mumbai, Maharashtra
- Zydus Lifesciences, based in Ahmedabad, Gujarat
- GangaGen Biotechnologies, headquartered in Bengaluru, Karnataka
- Intas Pharmaceuticals, based in Ahmedabad, Gujarat.
- Immuneel Therapeutics, based in Bengaluru, Karnataka
- Zumutor Biologics, based in Bengaluru, Karnataka
REFERENCES:
- Custommarketinsights
- https://www.investindia.gov.in/sector/biotechnology
