BioVoice News April 2017 Issue 11 Volume 1 | Page 58

bio event of making ‘cell factories’ i.e., converting microbes into manufacturing hubs for making industrial chemicals, drugs for pharma and so on. The discussion at the meeting was highly interactive with participants asking various interesting questions to the speakers. The new opportunities 58 BioVoiceNews | April 2017 in the various areas where bioengineering could be applied were discussed too. Pharmaceuticals is predicted to be the third largest market by 2020 in terms of growth. The business of generic drugs will contribute the greatest. India’s patent pool is expected to increase to over 20 percent in the next 10 years. We are the fourth largest global producer of agro chemicals. A global shift towards Asia as the world’s chemicals manufacturing hub. The field of biological engineering will have significant role to play in all these sectors. Similarly, the Indian Biotech Industry is