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(From India Business Insight)
The Indian biotechnology sector has been named by Ernst and Young as one of the top five emerging biotech leaders in Asia Pacific. The sector, which stood at $1,090.5 million in 2004-2005, is expected to grow to create a million jobs by 2010. The consumption of biotech products in the country is likely to rise ten-fold to $1.5 billion by 2007 and to $5 billion by 2010. The growth will be driven by the huge …