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| The Indian Government had the foresight to identify Biotechnology as a thrust sector for development in 1986 when it set up The Department of Biotechnology (DBT) as a nodal agency for policy making and development. Initially, the DBT focused on generating trained manpower & infrastructure development. Over the years it has extended its reach to other areas of focus such as genomics, proteomics, transgenics, stem cell research and product development. |
| The budgetary allocation to Biotechnology has increased from $150 million during the first phase, 1987-1988, to $300 million in the fiscal year 1997-1998 and $500 million in the fiscal year 2002-2003. The Ministry of Science & Technology also plans to introduce additional Venture Capital funds in line with its technology development fund (TDF) to promote small and medium biotech enterprises. |
| |
|
| Million $ |
 |
| 500 |
| 400 |
| 300 |
| 200 |
| 100 |
| 0 |
| |
1987-88 |
1997-98 |
2002-03 |
| Fiscal Year |
|
|
|
