Biotechnology Industry












SWOT Analysis of Biotech Sector


STRENGTHS

  • Highly skilled and qualified scientific manpower
  • Government taking initiatives to support biotech sector
  • Capability in handling fermentation based compounds, extraction of high quality products using plant and animal parts.
  • Recombinant DNA technology, plant breeding techniques, plant cell/tissue culture, bioprocess engineering, use of cell/microbial culture techniques, etc.
  • Setting up of effective and efficient biotech enterprises.
  • Infrastructure in manufacturing processing equipments and bio-reactors

    WEAKNESSES

  • Administration of resources supporting biotech research and development
  • Lack of awareness regarding biotech practices

    OPPORTUNITIES
  • Accelerated growth of biotech industry
  • Increased opportunity of entrepreneurial activity
  • Population and ecological diversity

    THREATS
  • Lack of advanced biotechnologies and products
  • Lack of public awareness about biotechnology issues
  • Difference between theory and practice in R&D