BioVoice eMag February 2023 | Page 13

Key Facts India generated USD 219 million of bioeconomy daily in 2021 . The country is among the top three in South Asia and top 12 destinations for biotechnology in the world , with approximately 3 % share in the global biotechnology industry . biosimilars , propelled by local biotechs , making it the country with the largest number of approved biosimilars after Germany and USA . On the vaccine front , India administered nearly 4 million doses of Covid- 19 vaccines per day ( total 1.45 billion doses given in 2021 ), the report said , adding that the country conducted 1.3 million Covid-19 tests each day in 2021 ( total of 506.7 million tests ).

Key Facts India generated USD 219 million of bioeconomy daily in 2021 . The country is among the top three in South Asia and top 12 destinations for biotechnology in the world , with approximately 3 % share in the global biotechnology industry . biosimilars , propelled by local biotechs , making it the country with the largest number of approved biosimilars after Germany and USA . On the vaccine front , India administered nearly 4 million doses of Covid- 19 vaccines per day ( total 1.45 billion doses given in 2021 ), the report said , adding that the country conducted 1.3 million Covid-19 tests each day in 2021 ( total of 506.7 million tests ).

“ One can say with certainty that the biotech industry came of age globally in 2021 by delivering a record 11.2 billion doses of Covid-
19 vaccines in a year . And in the previous year 2020 , without Covid-19 , the entire world production of all other vaccines was just 5.4 billion doses . Biotech companies set up new production lines , firmed up new supply chains for hundreds of key ingredients and components needed to deliver these vaccines and forged over 300 partnerships , says Narayanan Suresh , Chief Operating Officer , Association of Biotechnology Led Enterprises ( ABLE ).
From a nascent industry just few decades back to a full matured enterprise well recognized at the global stage , the Indian biotechnology

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