Transgenics Changing the Make-up of Indian Agriculture Industry
Released on: October 14, 2008, 11:30 pm
Press Release Author: Shushmul Maheshwari
Industry: Biotech
Press Release Summary: With the launch of transgenic crops for the commercial production, the Indian agribiotech industry, one of the world's most potential markets, will take off at a rapid pace.
Press Release Body: Agribiotech is one of the fastest growing sectors in the biotechnology market. And India, the world's second largest food producer after China, offers a big market for biotechnology products. The Indian agribiotech industry closed at INR 14.08 Billion (US$ 357.4 Million) in 2007-08, says our newly released report, "Booming Biotech Market in India".
As per the report, BT cotton - the only GM crop grown at commercial level in India currently - has pushed the overall bioagriculture sector. Therefore, the business of BT cotton seeds alone accounted for nearly 86% of the total bioagriculture revenue in the fiscal 2006-07. Moreover, the Indian agribiotech industry is expected to continue to show strong growth at a CAGR of 45% by 2012-13 on the back of increasing sales of BT cotton seeds and approval of other agribio products in future.
Meanwhile, a number of transgenic plants of various food crops, such as rice, brassica, moonbean, pigeon pea, tomato and vegetables like cabbage, cauliflower etc, are under field trial and are expected to be grown commercially in coming years, says the RNCOS report. With the launch of other transgenic crops for the commercial production, the bioagriculture market in India will grow significantly, with these crops representing substantial market share.
"Booming Biotech Market in India" is an exhaustive report giving overview of the Indian biotechnology market and providing a detailed account on the factors that define composition and structure of the industry, making it one of the world's most potential markets.
This research study further gives extensive information on vital issues like the market size, structure, domestic consumption, exports, key segments, investment, manpower, market share of key players, and present and future trends of the biotechnology market in India. It also provides forecast on various other parameters of biotechnology market such as biotechnology market by sector, biopharmaceutical market, bioservices market, industrial bioinformatics market and biosupplier industry.
About RNCOS:
RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of industry experts who analyze data collected from credible sources. They provide industry insights and analysis that helps corporations to take timely and accurate business decision in today's globally competitive environment.
For more information visit: http://www.rncos.com/Report/IM110.htm Current Industry News: http://www.rncos.com/Blog/
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