<ul><li>India's biotechnology sector is valued at $150 billion, according to BIRAC MD, Dr Jitendra Kumar.</li><li>India has significant untapped potential in innovation and product development in the biotech sector.</li><li>BIRAC is promoting academic conversion into enterprise and nurturing startups to bridge the gap in innovative products.</li><li>India lags behind in research and development spending, investing only 0.8% of its GDP compared to countries like the US and China.</li></ul>

Biotech sector in India valued at $150B, says BIRAC MD

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