GANDHI INSTITUTE OF BIOLOGICAL SCIENCES

GUNUPUR, RAYAGADA ORISSA

Few Facts and Figures from the surveys done all over the world :

· By 2006 the market revenue of bioinformatics would be 10 billion.(Dainik Bhaskar)

· In 1999,Indian sales in Biotech products touched $1billion (Rs.4,800 crore) and is expected to triple in 2002.It is likely to be 10 billion by 2005.(India Today May 2002)

· Wockhardt is setting up a biotechnology park in Aurangabad at the cost of around Rs.125 crore.(Business Standard)

· Spectramind, a call centre has decided to invest 100 crores in this arena and would recruit at least 100 experts who would work on internet and other s/w, not in biology lab.(Dainik Bhaskar)

· According to DSQ Biotech Advisor, Mr.A.Madhvan, 5000 professionals would be required in this field for next 5 years who would mainly work on international projects, generating a revenue of at-least Rs.3,000 crores.

· Some 2,500 firms are engaged in BT activities worldwide spending over $13billion a year on R&D.

· The Govt. of India spent Rs.2000 crores in the last 5 years.(Internet)

· The World Bank has given $240 million to the Indian Council of Agricultural Research towards the National Agricultural Technology Project (NATP), a 5 year project to focus on plant and agriculture BT research and private sector development.(Internet)

· A study by Rabo India Finance indicates that the investments in Bio-Informatics have increased from Rs.3.85 crore in 1997-98 to Rs.6 crore in 1999-2000.(Internet)

· North Carolina's Research Triangle Park, US has at least 5 companies headed by Indian-Americans. In other eastern state of Massachussets it is estimated that 50 of the 500 companies located in the Boston area are headed by Indian-Americans(India Today May 2002).

· The estimation is that all the potential is driving $50 billion (Rs.2,40,000 crore) global biotech industry towards an estimated $200 billion figure by 2010(India Today May 2002)

· India's share at $2.5 million (Rs.12 crore )is negligible, however it is expected to jump to $4.5 billion in the next decade. With a well educated, highly skilled, English-speaking workforce that can give quality results at lower costs and formidable reputation in IT, India is in a vantage position(India Today May 2002)

· In the next decade, more than 40% of all new pharmaceuticals will be developed through biotech, accounting for over $100 billion in annual sales.(India Today May 2002)

· As per Assocham (Associated Chamber of Commerce & Industry), the biotech industry is valued at $2.5 billion and expected to grow to $ 3 billion by the end of 2002. It has also projected 150% growth rate in 3 years.(Business Standard)

· HIPAA (The Health Insurance Portability and Accountability Act ) remediation services, estimated to be between $25 and $40 billion, offer immediate opportunities to IT companies.US has more than 400 companies with a focus on Health care-informatics.(Computers Today June 2002)

· As per Gartner's predictions: By the end of 2002,40% of newly developed health care applications will use XML internally and for 70% of delivery side health care applications vendors would announce XML-based, Web services-based strategy.(Computers Today June 2002)

· Total IT spending in health care in the US is expected to reach $60 billion by 2004.(Computers Today)

· Spotfire, a company that grew out of a doctoral thesis, sells data querying and visualization software that costs upwards of $1,00,000 (Business world)

According to a CII report, the Indian biotechnology market was valued at $2.5 billion in 2001, a five-fold increase since 1997.It is expected to reach $10billion by 2010.(Data Quest)

List of Few Top Level Companies in Bioinformatics all over world