Like the IT sector, Biotechnology in India is also throwing up tremendous scope for growth and is contributing to the total biotech market worth US$100 billion. The country has a global market worth US$91 billion and there is scope for cheap R&D through bio-partnering and co-developing technologies mainly with Chinese and American companies. More and more global pharmacy companies are seeking India to set their research and development centres here.
A biotechnologist may find jobs in various quarters. In India, students can mainly explore job options in the following fields:
- Drug and pharmaceutical research
- Public funded laboratories
- Environment control
- Waste management
- Food processing industries
- Bio-processing industries
The government institutes and organisations, such as Department of Biotechnology (DBT), several agriculture, dairy and horticulture institutes offer employment to Biotechnology professionals.
In the private sector, there are tremendous job openings for biotechnologists. Drug companies in biotechnology like Dabur, Ranbaxy, Hindustan Lever, Dr. Reddy's Labs that have their R & D units offer Biotechnology professional with handsome pay-package. There are also ample opportunities available for biotechnologists in the food processing industry, chemical industry and the textile industry.
The career prospect in the field has been steadily increasing, with more and more use of information technology in the field of molecular biology. Job prospects are in all sectors of biotechnology, pharmaceutical and biomedical sciences, in research institutions, hospital and industry. Some of the specific career areas that fall within the scope of bioinformatics include
- Sequence assembly
- Database design and maintenance
- Sequence analysis
- Proteomics (the study of protein, particularly their structure, functions)
- Clinical pharmacologist
- Informatics developer
- Computational chemist
- Bioanalytics and analytics
At present, students with M.Sc. Bioinformatics from Sikkim Manipal University are working in organisations like Institute of Bioinformatics, Biobase, Jubilant Biosys etc.