Biotechnology has a bright future in the second the most populated country in the world i.e. India.
Wondering, why?
The biotechnology industry is the hope of our
future which will give us the solutions to medical ailments, environmental
issues, agricultural issues, and energy depletion. Biotechnology with the aid
of an increase in multidisciplinary research and technology has the potential
to give a new direction to the agriculture industry.
Biotechnology will have a significant impact on
areas like personalized medicine, genetic engineering, drought-resistant
plants, biofuels, etc.
Biotechnology is an essential industry that is
important for a country to handle and survive in a continuously changing world.
Biology of humans and animals are not in the same environment as it was 20 or
10 years ago. We are breathing in technology and so the human race is in dire
need of biological technology which provides solutions to human needs and
problems.
The current condition of COVID-19 has proven it
more so. We are still struggling to find the vaccination and proper cure for
it. A developed and provided biotechnological department is the need of the
time.
Crops are not yielding enough for everyone. We
need innovation and new hybrid solutions for growing crops in the man-made
environment.
The biotechnology sector has and will play a
vital role in improving India’s global profile.
India holds a position in the top 12 biotech
destinations of the world and is 3rd in Asia- Pacific region.
Career options in
Biotechnology?
With increasing demand, huge investments,
numerous Research & Development facilities, biotechnology is going to be a
vital key player in the global share of Indian economy and development. This
makes biotechnology a golden career opportunity for students.
As a career option, biotechnology gives if not
thousands then hundreds of substreams to study and work in.
Academic options for
students in Biotechnology-
The field of biotechnology has tremendous space
and never-ending opportunities in the research department. The building stone
of this field is research.
Biotechnology has a maximum number of courses for the master's program.
Microbiology
Botany
Zoology
Genetics
Plant biotechnology
Plant molecular technology
Forensic sciences
The list is much longer. An MBA in biotechnology
is also a very progressive and favorable option to opt for higher education in
biotechnology.
Job opportunities are endless in the field of
biotechnology. Research and development, labs and pharmaceutical organizations,
agro research organizations, and private and govt. establishments provide
various positions for you to find your place according to your expertise and
interest.
Biotechnology needs young bright minds to take
biotechnology towards innovative revolution. “The best way to predict the
future is to create it.”
Statistics
Biotechnology in India compromises of 3% share in
the global market. India has more than 6000 biotechnology companies, more than
2600 biotech startup, and 50 BIRAC-supported incubators.
Indian biotech industry will probably reach $100
billion by 2025 and its contribution is expected to reach 19% in the global
market.
The growth trajectory is strong for biotechnology
in India.
Among all the sectors bio-pharma is the largest
revenue contributing subdivision which is about 62%.
This increasing value of biotechnology has also
attracted many companies for investments. This implies that the more companies
investing in biotechnology in India the more would be the jobs and vacancies
for biotech students. For a student wishing to kickstart his/her career in
biotechnology, its a really good time to step into the same.
Government initiatives
The government has taken many initiatives to
promote innovation in the biotechnology industry. Many several investments for
increasing the scope of research and development have also been made.
The Department of Biotechnology has been granted
a huge amount of $333 million to develop the national biotech strategy.
Telangana govt. has started an MoU with firm
Celestia to work on a Life Sciences Infrastructure Fund to initiate innovation
in pharma and medical devices.
To encourage and spread awareness in students
towards this field DBT collectively sponsored $75,000 for the Indian team participating
in International Genetically Engineered Machines competition.
