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Enabling Entrepreneurship for Inclusive Economic Development by Kiran Mazumdar Shaw, Biocon, March 15, 2013
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Enabling Entrepreneurship for Inclusive Economic Development by Kiran Mazumdar Shaw, Biocon, March 15, 2013

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Enabling Entrepreneurship for Inclusive Economic Development

Enabling Entrepreneurship for Inclusive Economic Development

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  • 1. Innovative Science Affordable Medicine Enabling Entrepreneurship for Inclusive Economic Development CII: ‘Entrepreneurship as a Growth Engine for Karnataka’ Bangalore, 15th March, 2013 Kiran Mazumdar Shaw CMD, Biocon Ltdwww.biocon.com
  • 2. India: Fastest Growing Economy by 2060 • India will outpace China in growth by 2060 Growing from 7% to 18% Global GDP Percentage in 2005 PPPs 2060 India 18% United States 28% Japan 16% Europe 28% Other OECD 3% 14% 9% Other non-OECD China Global GDP is taken as sum of GDP for 34 OECD and 8 non-OECD G20 countries 2 Source OECD Report: 2060
  • 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 3
  • 4. Sectoral Imbalance Sector GDP Employment Agricultural 14% 52% Industrial 28% 14% Service 58% 34% 4
  • 5. Key Challenges in Agriculture India’s Arable Land: 2.3% of Food Security for 17.5% of World’s Land Mass World Population India : Poor Crop Yields India with 158 249 million tons of million hectares of cereal arable land China with 110 483 million tons of million hectares cereal USA with 163 420 million tons of million hectares cereal Biotechnology Can Usher a Second Green Revolution 5
  • 6. Bt Cotton: A Success Story • ~ 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 India is World’s No 2 cotton producer 6
  • 7. Manufacturing: India Lagging Behind India Vs China Textile Exports India China 2011 $ 34 Bn $ 94 Bn Global Market 1.5% 11% Share Has the potential •To Grow six fold to $ 1 Trillion •To Create 90 Billion jobs by 2025 •To Generate 20-25% of GDP Need to unleash the potential 7 Source: McKinsey Report
  • 8. 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 8
  • 9. BioEnergy : Reducing the Oil BillIndian National Biofuel Policy: Focus on Ethanol blending and BiodieselBIO-FUELS: Emulate Brazil and develop other resources like seaweed & algae, + Waste to energy Global Biofuel Production 100 billion litres (2010)Brazil 2nd Largest Producer of BiofuelsBetween 1975-2005oSaved $100 Bn as foreign exchangeoReduced Green House Gases by 570million tons 9 Source:ABLE report
  • 10. 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% Growth Drivers for BioServices in India Skilled Cost effective Large diverse patient Regulatory talent pool population Infrastructure 10
  • 11. Conclusion Bio-Agriculture Strategy for 2nd Green Revolution based on safe genetic technologies to bridge the productivity gap • S Manufacturing Bio Fermentation based Bio-manufacturing as a global leadership strategy for drugs, vaccines, enzymes and biofuels for affordable solutions Bio Services Enabling policies for exponential investment in innovation for global healthcare 11
  • 12. 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 in US$ Bn Indian Biotech Sector 2.5 Biopharma/ Manufacturing Bio Services 4.0 Bio Agri 1.0 Indian Biotech Sector Most Balanced 12
  • 13. Innovative Science Affordable Medicine Thank You Reach out to Kiran Mazumdar-Shaw:kiran.mazumdar@biocon.com