Entrepreneurial Approach to Biotechnology Policies and Development in India

Abstract

Biotechnology is globally recognized as a rapidly emerging and far-reaching technology. It is aptly called “technology of hope”, as its promising to be powerful enabling technology that can revolutionize agriculture, healthcare, industrial processing and environmental sustainability. The recent advances in life sciences unfold a scenario energized and driven by the new tools of biotechnology. There are number of therapeutic biotech drugs and vaccines that are marketed and many are in clinical development. In addition, there are a large number of agro-biotech and industrial biotech products that have enormously helped mankind. Biotechnology sector in India is gaining global visibility and tracked for emerging investment opportunities. Through in depth analysis based on published reports and secondary data with grounded theory approach the chapter aims not only to trace the development of biotechnology and reviews polices but also to elucidate through cases the entrepreneurial approach adopted for biotechnology development in India.