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According to Dr Clive James, Founder and President of the International Service for the Acquisition of Agri- Biotech Applications (ISAAA), the period 2006-2015 has been projected as the "decade of Asia" in the field of biotechnology.
Achieving US$ 1 billion mark with export accounting for US$ 756 million is an important milestone for the Indian biotech sector. Biotech companies are earning huge profits and are using these profits for further investments, e.g. Wockhardt acquired Pinewood Laboratories and Reliance Life Sciences took staked control of GeneMedix Plc.
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