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
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