Indian government has permitted Foreign Direct Investment (FDI) up to 100% through the automatic route in the sector of biotechnology.
Some good reasons to invest in this sector are as under:
There is an abundance of highly-skilled and trained pool of talent in India in this sector.
India has secured a position amongst the top 12 biotech destinations in the world. It is ranked 3rd in the Asia Pacific region.
India has the second highest number of USFDA-approved plants, after the USA
A strong pool of scientists and engineers are available here and s strong base of knowledge is provided by India to the world.
Some of the world’s leading Public institutes and universities are present in India.
Lower corporate income tax has been proposed by the government for the next financial year for relatively small enterprises. 100% deduction on profits for 3 out of 5 years for startups setup during April, 2016 to March, 2019 will be provided.