Opportunities within problems
India has a humungous biotechnology industry, which as per various reports is valued at approximately US $ 11 billion. Currently our country ranks among top 12 countries in biotechnology destinations in the world and holds around 2 percent in the global biotechnology industry.
The Indian biotechnology sector can be further subdivided into five sub-sectors, namely bio-pharma, bioservices, bio-agri, bio-industry, and bio-informatics. Biopharma is the largest among all five sub-sectors; it includes therapeutic and regenerative medicines, vaccine storage and diagnostics. Bioservices include clinical research services required by research laboratories for drug tests. It forms
I think all these problems itself are a large missed opportunity. One can think of a very innovative way of solving these problems and can come up with a product or a service that can solve the problem to large extent. There are lot of examples of problems and solutions to the same.
the second largest sub-sector. It is followed by bio-agri, which involves the production of biofuels, bio-pesticides, bio-fertilisers and genetically modified crops. Bio-industry forms fourth largest subsector, which includes the production of enzymes and chemicals required by other industries. Due to only few players, the bioinformatics is the least contributor of all.
Opportunities within problems
Being a heavily populated country and a developing economy, India has wide variety of problems which remain unsolved. Some of the major problems are – food and water shortage, unavailability of clean drinking water in rural areas, energy crisis, waste management and various forms of pollution. It has become very difficult for local government
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