Risks and Challenges for Business Development of Biotech Sector in India

India is entering in era of Bio-economy, so country's biotech industry play vital role. The biotech industry of any country is called by Foundation Industry, as it provides the solution of national challenges of developing country like scarcity of food, deficit medical facility, excess consumption of fuel, shortage of energy supply etc. Now India is becoming attraction center for Foreign players at 3rd rank after Japan and Korea in Asia Biotech companies must conduct various surveys to meet the demand of rapid changing environment which will assist in controlling various challenges in business development. India offers a combination of cheaper labour, ample amount of natural resources, large pool of existing R&D industry, but these industries are facing lot of risk and challenges in India. The department of Biotechnology has taken many initiatives to boost these industries, which are essential for strong economy, but situation is still pathetic. Although more traditional risks, such as credit risk, market risk and foreign-exchange risk, remain fundamental considerations, companies are now recognizing the need to quantify and assess risks that lurk in areas such as human capital, reputation and funding. The objective of this report is to assess different types of risks and challenges face by Biotech Companies in India. This paper provides qualitative as well as quantitative information about the problems faced by Indian Biotech Industry.