About the 4th Knowledge Millennium Summit
Biotechnology & Nanotechnology

• At the culmination of the 3rd Knowledge Millennium summit, the Indian Biotech industry was on the arrival mode.
• With revenues now soaring upto INR 32.65 billion in the year 2003-04, a threshold has now been crossed. India is now fast developing as one of the top clusters for biotechnology including biopharmaceutical products, bioindustrialproducts and bioservices.
• India is currently positioned 8th in the global biotechnology industry. In the Asia-pacific region, India is ranked at second, right after Australia, and followed by China and Taiwan.
• This growth is based on several factors that could be attributed to a rapidly expanding biotechnology community, internationally renowned academia, highly productive and qualified manpower, state-of-art research labs, strong pharmaceutical sector, rich biodiversity and demography.
• Nanotechnology is set to be the next growth innovation following information technology. The National Sciences Foundation estimates a $ 1 trillion impact over the next 10-15 years.
• Nanotechnology is the greatest building block for healthcare structural material, electronics and instrumentation and is positioned to become the platform for new cutting edge technologies to grow for creating better living standards for mankind.