Biotechnology has come to be recognised as the latest sunrise sector in the Indian economy.It is fast gaining ground and competing with Information Technology sector. Biotechnology is the application of science and technology to modify biological systems for specific uses, encompasses many fields from biopharma to agribio and biofuels to cite a few. Agriculture is beginning to gain momentum as well, with a focus on transgenic corn, rice, chickpea and several other food crops, most notably in the area of genetically modified crops such as Bt Cotton as well as bio-fuels.
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