The biotechnology revolution is sweeping the globe and India is no exception to it. Biotechnology refers to a diverse set of traditional and new technologies that use biological systems, living organisms or derivatives to produce products or processes for a specific use. Due to the new enterprise and innovation in recent years, the biotechnology sector in India is witnessing accelerated growth. The sector is rapidly attaining critical mass in terms of skills and capabilities to become a truly global player. The Indian biotech industry today comprises over 280 companies.