Updated on 18 May 2012
Australia offers high quality science, capacity for international partnerships and a transparent and efficient regulatory regime. The country has a strong culture of research and, thus, can train large numbers of Indian nationals in its biotech programs. On the regulatory front, Australia's fast tracked regulatory approval process could be a major plus for Indian companies.
India is a capable and increasingly dynamic player in international science, technology and research, both in publicly-funded research and in the private sector. The Indian biotechnology industry comprises over 300 companies, and has been growing at a rate of 20-25 percent per annum for the last three years. The easily available, cost effective and knowledgeable resources also make India an attractive destination for outsourcing research activities.