Bio Asia study predicted that India is well poised to be an important
player as the world tries to answer the innovation challenge given the existing
life sciences research eco-system and has several advantages such as low cost
proposition, large patient population, large number of institutes in India
equipped to carry out specialized research.
Bio Asia, the annual
industry forum with the support of KPMG in India today unveiled the findings
from a study titled Innovation in life sciences in India - Current state and
future imperatives. The study delves into the competitive landscape of the life
sciences industry and analyzes how innovation can be a crucial enabler of the
growing life sciences segment in India.
The report was released by Manni Kantipudi, CEO, GVK Biosciences, in a function organized in the city. According to BiaAsia CEO M Nagappan, eleventh edition of BioAsia organized earlier this year unveiled the promise of innovations in life sciences. Consequently, this report was commissioned with the support of KPMG in India to analyze the key observations from the conference while evaluating the growth opportunities and the impediments.
The report was released by Manni Kantipudi, CEO, GVK Biosciences, in a function organized in the city. According to BiaAsia CEO M Nagappan, eleventh edition of BioAsia organized earlier this year unveiled the promise of innovations in life sciences. Consequently, this report was commissioned with the support of KPMG in India to analyze the key observations from the conference while evaluating the growth opportunities and the impediments.
Talking about the report, Utkarsh Palnitkar, Head Advisory, KPMG in India said, while innovation in life sciences did happen in pockets, it is now slowly taking root in India.
The paper is a healthy mix of secondary and primary input and highlights
a balanced view of the innovation culture in India focused on Life Sciences.
India’s capabilities or the lack thereof are explored and assessed to create a
matrix that concisely captures where we stand as a country and what we need.
The research is based on data gathered from the 20 structured primary
interviews conducted with the industry leads across the life sciences spectrum
and an extensive secondary research. The primary research focused on telephonic
/ face-to-face conversations. The exhaustive analysis undertaken by this study
clearly indicates how India can become the hub for life sciences innovation.
