The large number of small and medium enterprises (SMEs) greatly contributes to the economic growth and industrial progress of developing countries. Small and Medium Enterprises (SMEs) are very crucial to the development of a country’s economy. Especially India has always been in the limelight in terms SME business.

The SME business opportunity in India can be seen in possibly every sector - financial services, telecom, education, automobiles, media, food, real estate and so on. This makes India a hub for best small business opportunity in various segments.

SME and Indian Economy

Small and medium sized enterprises play a central role in the Indian economy. They are a major source of entrepreneurial skills, innovation and employment. SME businesses are the biggest contributor to the economy of any country and the same goes with Indian economy. In fact, SME is one of the most crucial sectors of Indian economy as far as the number of employments generated from this segment. As more than 65% of Indian population lives in rural and semi-rural areas, small business becomes a major source of income for many residing in these areas. After agriculture, small business in India is the second largest employer of human resources.

The SME business market of India is large and bubbling with newer opportunities. Increased purchasing power and consumerism is what drives the business scenario in India. Thus, there is an opportunity for competitive advantage that can benefit investors and entrepreneurs to a large extent. An investment in any best small business opportunity promises lucrative returns and success in less time.

Biotechnology

The biotechnology sector of India is highly innovative and is on a strong growth trajectory. The sector, with its immense growth potential, will continue to play a significant role as an innovative manufacturing hub. The sector is one of the most significant sectors in enhancing India's global profile as well as contributing to the growth of the economy. The Indian biotech industry holds about 2 per cent share of the global biotech industry.

The biotechnology industry in India, comprising about 800 companies, is expected to be valued at US$ 11.6 billion in 2017.

India is among the top 12 biotech destinations in the world and ranks third in the Asia Pacific. The growth is due to a range of positive trends such as growing demand for healthcare services, increase demand for food & nutrition intensive R&D activities and strong government initiatives.

Biotechnology has a long history of use in food production and processing. It has helped to increase crop productivity by introducing such qualities as disease resistance and increased drought tolerance to the crops. Biotechnology used in processing of wines, beers, Coffee, Tea, Cabbage and Cucumber, etc. Fermentation is biotechnology in which desirable microorganisms are used in the production of value-added products of commercial importance. The products of fermentation are many: alcohol and carbon dioxide are obtained from yeast fermentation of various sugars. Lactic acid, acetic acid and Organic acid are products of bacteria action; citric acid, D-Gluconic acid, Coffee, Tea, Cabbage & Cucumber and Yeasts are some of the products obtained from fermentation.

The worldwide demand for biotech products is the only indication; the speed of its advance is the only set to accelerate. Indian Biotechnology industry is considered as one of the sunrise sectors in India. The industry is divided into five major segments: Bio-Pharma, Bio-Services, Bio-Agri, Bio-Industrial and Bio-Informatics. Biotechnology industry’s growth in India is primarily driven by vaccines and recombinant therapeutics.

Biotechnology Market size was valued at over USD 330.3 billion in 2015 and will exceed USD 775.2 billion with 9.9% CAGR from 2016 to 2024.

Handbook on Small & Medium Scale Industries (Biotechnology Products)

About the Book:

The Indian biotechnology industry is one of the fastest growing knowledge-based sectors in India and is expected to play an important role in small & medium enterprises industries. Biotechnology is not just one technology, but many. There are a wide variety of products that the biotechnology field has produced. Biotechnology as well all know, is the field of combination of various fields such as genetics, environmental biology, biochemistry, environmental, general, agriculture, fermentation, etc.

Biotechnology has a long history of use in food production and processing. It has helped to increase crop productivity by introducing such qualities as disease resistance and increased drought tolerance to the crops. Biotechnology used in processing of wines, beers, Coffee, Tea, Cabbage and Cucumber, etc. Fermentation is biotechnology in which desirable microorganisms are used in the production of value-added products of commercial importance. The products of fermentation are many: alcohol and carbon dioxide are obtained from yeast fermentation of various sugars. Lactic acid, acetic acid and Organic acid are products of bacteria action; citric acid, D-Gluconic acid, Coffee, Tea, Cabbage & Cucumber and Yeasts are some of the products obtained from fermentation.

The worldwide demand for biotech products is the only indication; the speed of its advance is the only set to accelerate. Indian Biotechnology industry is considered as one of the sunrise sectors in India. The industry is divided into five major segments: Bio-Pharma, Bio-Services, Bio-Agri, Bio-Industrial and Bio-Informatics. Biotechnology industry’s growth in India is primarily driven by vaccines and recombinant therapeutics.

The biotechnology sector of India is highly innovative and is on a strong growth trajectory. The sector, with its immense growth potential, will continue to play a significant role as an innovative manufacturing hub. The high demand for different biotech products has also opened up scope for the foreign companies to set up base in India. Today in India there are more than 350 Biotechnology companies in India providing employment for over 20,000 scientists.

The authors cover different aspects of biotechnology such as production of fermented foods, functional foods, enzymes in food processing. The Book contains production of Wines and Beers, Production of Amino Acids, Lactic Acid, Acetic Acid and Organic Acid, Processing of Coffee, Tea, Cabbage, Cucumber, Yeasts and Photographs of Plant & Machinery with Supplier’s Contact Details.

The book provides a better understanding about biotechnology production of value-added products, improve productivity, and enhance product quality in the agro food processing sector. The book is highly recommended to new entrepreneurs, professionals, existing units who wants to start manufacturing business of biotechnology products.

See more

https://goo.gl/yBA4f6

https://goo.gl/j5xnxN

https://goo.gl/49vqCF

https://goo.gl/8hWFDX

Contact us:

Niir Project Consultancy Services

An ISO 9001:2015 Company

106-E, Kamla Nagar, Opp. Spark Mall,

New Delhi-110007, India.

Email: [email protected] , [email protected]

Tel: +91-11-23843955, 23845654, 23845886, 8800733955

Mobile: +91-9811043595

Website: www.entrepreneurindia.co  , www.niir.org

Tags

Starting Small and Medium Scale Industries in India, Small and Medium Scale Businesses, Project Opportunities, Small and Medium Scale Industry, Small and Medium Scale Enterprise (SMEs), Profitable Small and Medium Manufacturing Business Ideas, How to Start Small & Medium Scale Business in India, How to Start Your Small Business, Select and Start Profitable Small and Medium Scale Industry, Small Scale Industries, Small and Medium Enterprises, Small Scale Industry Projects, Ideas for Starting a Small Scale Business in India, Which Small Scale Industry is Best to Start in India? How to Start an Industry, Project Report for Small and Medium Scale Industry, Highly Profitable Business Ideas, How to Setup Industry in India, How to Start a Medium Scale Industry, Profitable Businesses You Can Start, Manufacturing Business Ideas, Best Manufacturing Business Ideas With Low Investment and High Profit, Best Profitable Manufacturing & Processing Business Ideas, Fastest-Growing Industries for Small and Medium Business, Starting a Small-Scale Business, Most Profitable Manufacturing Business to Start, Most Profitable Small Scale Business in India, New Manufacturing Business Ideas with Medium Investment, Best Manufacturing Business to Start, Investment Opportunities in Biotechnology Industry, Biotechnology Sector in India, Investment Opportunities of Biotech Industry, Biotechnology Industry, Biotech Industry, Indian Biotechnology Industry, Secret to Making Money by Starting Small and Medium Business, Small Business Ideas with Small Capital, Top Best Business Ideas for Beginners, Small Business Ideas that are Easy to Start, Top Small and Medium Scale Business Ideas in India for Starting Your Own Business, Small and Medium Scale Business Ideas to Make Money, Top Profitable Business Ideas in India, Best Small and Medium Business Ideas for Self Employment, Start up Business Ideas, Ideas for starting a small scale business in India