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 biopharma , bio-services , 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 the second largest subsector . It is followed by bio-agri , which involves the production of biofuels , bio-pesticides , biofertilisers and genetically modified crops . Bioindustry 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 .
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 .
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 bodies to tackle these problems mainly because of lack of co-ordination within the body and lack of proper collaboration and communication channels with citizens .
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 .
Agriculture has a large contribution to Indian economy . Farmers face problem of getting good quality fertilisers , insecticides and pesticides which are efficient as well as less harmful . Barrix is a start-up which aims in developing eco-friendly pest control measures and also gives nutritional management solutions
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