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Biotechnology Sector: Current Scenario
In 1978, Circa was the only Indian biotech company that used to manufacture fermentations and enzyme products. Today, Indian biotech sector comprises of more than 280 companies, generating revenues of about US$ 1.5 billion. Indian biotech industry comprises of clinical research, new drug discovery, bioinformatics, contract R&D, biopharmaceuticals, etc.
In India, Bangalore has emerged as the largest biotech hub with a total annual sales revenue of about Rs. 1400 crore. There are about 175 companies working in the diverse areas of bioagri, bioindustrial, bioservices, nutraceutical, biopharma, bioinformatics, herbal products and biosuppliers.
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