Role of IP in Biotechnology

The introduction of Biotechnology to mankind is the most valuable development till now. The proliferation began when the ancient Sumerian in the year 1750 B.C. first brewed beer by using yeast and other microorganisms. The further fission was catalyzed by the successors such as the Egyptians, Darwin, Pasteur, Mendel, Morgan, Fleming, Watson and Crick, Nirenberg, Boyer, Wilmut and is still continuing with the present time scientists. With the invention of many more techniques, processes, and products, biotech field has been explored at a very high pace.

 

Indian Biotech Industry has just completed its 30 year. The year 1982 was the landmark year for the Biotech Industry in India when Government of India implemented the National Biotech Board [NBTB] and further Department of Biotechnology [DBT]. The Indian Biotech Industry contributes about 2 percent to India’s GDP with turnover of around Rs.17, 400 crore. The Indian biotech industry has emerged on the global map with the strong asset of 3 million science graduates, 0.7 million postgraduates and 7000 PhDs. It employs 20, 000 Scientists, 45, 000 Assistants, and 1, 25000 Technicians and other staffs either directly or indirectly.

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Role of IP in Biotechnology

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