Legal Analysis of Role of Biotechnology in Health Sector in India: Boon or Bane

Biotechnology involves the modification of the basic genetic material in living things namely DNA, which imparts new properties and capabilities in organisms including plants, animals and microorganisms which can be harnessed for a number of useful applications. There is a developing trend as per as the biotechnological area is concerned that approximately 60% of the industry is contributed to human health related matters and rest of it for other areas. Further, The Recombinant DNA (rDNA) technology is being successfully used in health care. Nowadays, foreign companies are showing interest to have partner with India at the drug discovery stage of research and use the Indian companies for contract research and manufacturing as there is a lack of research that too in drug discovery process-in-house. This paper is focus on value of biotechnology sector and legal regulation of the same in health sector in India.