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India and Australia
TECHNOLOGY
working together
BIO
Why biotechnology has significant
h
prospects for future partnerships.
Biotechnology is a global industry, one that has of fast growth, the largest offering of FDA-approved
been in a rapid growth phase in recent years manufacturing facilities outside the US and strong
around the developed world – providing solutions to government support with the National Biotechnology
health problems, life-threatening pandemics, food Strategy, there are significant prospects and
shortages and, more recently, climate change. opportunities for India and Australia to work together.
Strategic alliances business missions
The Australian biotechnology industry has worked AusBiotech, Australia’s biotechnology industry
diligently to become the sixth largest biotechnology organisation that represents more than 3,000 members,
industry globally and an excellent country in which led two business missions to India recently. More than
to conduct clinical trials. With India’s track record 30 companies and universities participated in a program
of business seminars, site visits and networking events in
Hyderabad and Bangalore.
centralising opportunities
ausbiotec
AusBiotech is Chair and Secretariat for ‘BioNet Asia
Pac’, a network of 10 countries, which was launched
in 2007. Members include India, Japan, Malaysia, New
Zealand, Taiwan, Singapore, South Korea, Thailand,
United Arab Emirates and Australia. Corporate and
institutional members of the related industry associations
have access to a closed website, which details the
biotechnology companies working in each country. The
group works to centralise opportunities and strengths
from the region into a connected network.
Recent buSineSS dealS
l MOU between Zydus Cadila (Indian healthcare
leader) and Symbion for a manufacturing joint
venture for construction and operation of
manufacturing facilities in India;
l Indian diversified major ITC Ltd acquired
Australian agri-biotech company Technico Pty
Ltd as part of its strategy to strengthen its foods
business;
l Mumbai-based Ipca Laboratories acquired
Australian formulation product dossier
registration-cum-distribution company (now
Ipca Pharma Australia BTY) to enable it to
register formulations in Australia.
80 INVEST IN AUSTRALIA – INDIA
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