enabling entrepreneurship for inclusive economic development by kiran mazumdar shaw, biocon, march...
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Enabling Entrepreneurship for Inclusive Economic DevelopmentTRANSCRIPT
Innovative Science Affordable Medicine
Enabling Entrepreneurship for Inclusive Economic Development
www.biocon.com
Kiran Mazumdar Shaw CMD, Biocon Ltd
CII: ‘Entrepreneurship as a Growth Engine for Karnataka’ Bangalore, 15th March, 2013
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India: Fastest Growing Economy by 2060
• India will outpace China in growth by 2060
Source OECD Report: 2060
18%
16%
3%9%14%
28%
28%
2060India
United States
Japan
Europe
Other OECD
Other non-OECD
China
Global GDP Percentage in 2005 PPPs
Global GDP is taken as sum of GDP for 34 OECD and 8 non-OECD G20 countries
Growing from 7% to 18%
3
GDP per Capita Gap Shrinks but Difference Persists
• China & India will experience sevenfold increase in per capita Income
• India’s per capita income will still remain amongst the lowest
Per Capita Income 2060
China 25% above current USA level
India Half of current USA level
4
Sectoral Imbalance
Sector GDP Employment
Agricultural 14% 52%
Industrial 28% 14%
Service 58% 34%
5
Key Challenges in Agriculture
India’s Arable Land: 2.3% of World’s Land Mass
Food Security for 17.5% of World Population
India : Poor Crop Yields
India with 158 million hectares of arable land
249 million tons of cereal
China with 110 million hectares
483 million tons of cereal
USA with 163 million hectares
420 million tons of cereal
Biotechnology Can Usher a Second Green Revolution
6
• ~ 9.9 million hectares under Bt cotton cultivation • 35.5 million bales (7.1 mn tons) of cotton/annum • India today a net exporter of cotton • ~6 million farmers cultivate Bt Cotton
Bt Cotton: A Success Story
India is World’s No 2 cotton producer
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Manufacturing: India Lagging Behind
Has the potential •To Grow six fold to $ 1 Trillion •To Create 90 Billion jobs •To Generate 20-25% of GDP
Need to unleash the potential Source: McKinsey Report
by 2025
Textile Exports India China
2011 $ 34 Bn $ 94 Bn
Global Market Share
1.5% 11%
India Vs China
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Indian Contract Manufacturing Sector
• India is the Preferred Outsourcing Partner for global pharma & biotech
• Indian CMO currently at $ 2.3 Bn estimated to attain a size of $10 Billion by 2025
India offers Largest no. of USFDA approved plants outside of USA
9
Indian National Biofuel Policy: Focus on Ethanol blending and Biodiesel
BIO-FUELS: Emulate Brazil and develop other resources like seaweed & algae,
+ Waste to energy
BioEnergy : Reducing the Oil Bill
Global Biofuel Production 100 billion litres (2010)
Brazil 2nd Largest Producer of Biofuels Between 1975-2005 oSaved $100 Bn as foreign exchange oReduced Green House Gases by 570 million tons
Source:ABLE report
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High Value Bio Services
• India: Laboratory for the World • Offers world class cost effective research capabilities • Large Scientific Talent Pool
Indian Research Services 2011
Revenue: $ 765 million
Growth: 15.5%
Skilled Cost effective talent pool
Large diverse patient population
Regulatory Infrastructure
Growth Drivers for BioServices in India
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Conclusion
• S
Bio-Agriculture
Bio Manufacturing
Bio Services
Strategy for 2nd Green Revolution based on safe genetic technologies to bridge the productivity gap
Fermentation based Bio-manufacturing as a global leadership strategy for drugs, vaccines, enzymes and biofuels for affordable solutions
Enabling policies for exponential investment in innovation for global healthcare
Indian Biotech
• Indian Biotech at $ 7.5 Bn • BioAgri at $ 4 Bn the largest segment • Followed by Biopharma/ manufacturing at $ 2.5 Bn and
BioServices at $ 1 Bn
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Indian Biotech Sector Most Balanced
2.5
1.04.0
Indian Biotech Sector
Biopharma/ Manufacturing
Bio Services
Bio Agri
in US$ Bn
Innovative Science Affordable Medicine
Thank You [email protected]
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