The following are some of the main obstacles that the Indian biotechnology sector must overcome:
– Poor research quality: research articles are written with the mindset of “publish or perish,” where quantity matters more than quality.
– Low funding: the majority of biotechnology research in India is supported by public funds; – Low scientist earnings: in comparison to wealthy nations, scientist wages are lower
– Obtaining ethical and regulatory clearance: a time-consuming, costly procedure
– Specialised work: in the biotechnology industry, most positions are occupied by knowledgeable and experienced scientists, which leaves less space for less experienced and younger scientists.
Here are a few strategies for overcoming these obstacles :
Boost applied research financing from the corporate sector; Promote product development and innovation; and Connect academic institutions with business to provide scientists the chance to launch their own ventures.
Adopt laws enabling scientists to leave academic institutions and research centres to work in industry. Boost the biotech industry by utilising big data and artificial intelligence.