Agri biotech secures 3rd largest position in the Biotechnology sector in terms of total revenues. After the huge success of Bt cotton, covering more than 80% of the total cotton area, agri biotech has attained this position. As per the report of United States Department of Agriculture, Agri biotech sector has achieved the total revenues of 1,940 Crores in the fiscal year 2009-2010 which is a 37% growth over the previous fiscal. Whereas, export revenue from agricultural biotechnology is estimated at Rs. 58 Crores in the last fiscal year. The adoption of Bt Cotton is supposed to be the reason for development of Agri Biotech into one of the fastest growing segments of the Indian Biotech Industry. This will also encourage Seed Firms to invest on Research and Development on the Agri Biotech segment.
Source: Gubba Seed News (Vol-23 September- October 2010)