Biotechnology is technology based on biology, especially when used in agriculture, food science, and medicine. The success of the Biotechnology industry has lead to sustained economic growth in the developed nations like US, European countries and Canada. Over the next five years, biotechnology can offer opportunities for fresh investment of Rs. 7 to 8 billion in India. This fresh investment, could result in a turnover of Rs. 9 to 10 billion during the next 5 to 7 years. The biotechnology industry in the United Kingdom is one of the largest in the world, with annual sales of over $9.7 billion.
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