Title: The rise of the Indian biotech industry and innovative domestic companies

Authors: Peilei Fan, Kazuo N. Watanabe

Addresses: School of Planning, Design and Construction, Urban & Regional Planning Program, Michigan State University, 215 UPLA Building, East Lansing, MI 48824-1221, USA. ' Graduate School of Life and Environmental Sciences, Gene Research Centre, University of Tsukuba, 1-1-1 Tennoudai Tsukuba, Ibaraki, 305-8572, Japan

Abstract: This paper uses India|s biotech industry as a case to study the catching up of late-industrialising economies. Several conclusions can be drawn. First, innovation capability is critical for domestic companies| success. Second, certain institutional factors have encouraged indigenous technology development of domestic companies in India, such as the price control imposed by the government, technology transfer from Indian public and international research institutions, and funding from the government and the international charity organisations. Third, domestic companies have utilised manufacturing capability to quickly turn the technology into products and reinvest the profit into R&D.

Keywords: biotechnology; innovation; domestic companies; price control; government funding; technology transfer; India; biotech industry; charity funding; manufacturing capability; research and development; R&D.

DOI: 10.1504/IJTG.2008.018961

International Journal of Technology and Globalisation, 2008 Vol.4 No.2, pp.148 - 169

Available online: 26 Jun 2008 *

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