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- The Indian pharmaceutical industry at $6.5 billion and growing at 8-10% annually, is the 4th largest pharmaceutical industry in the world, and is expected to be worth $12 billion by 2008.
- Its exports are over $2 billion. India is among the top five bulk drug makers and at home, the local industry has edged out the Multi-National companies whose share of 75% in the market is down to 35%.
- Trade of medicinal plants has crossed $900M already.
- There are 170 biotechnology companies in India, involved in the development and manufacture of genomic drugs, whose business is growing exponentially.
- Sequencing genes and delivering genomic information for big Pharmaceutical companies is the next boom industry in India.