The biotechnology industry in India has 2700 biotech startups and 2500 biotech companies. The industry amounted to US$ 63 billion in 2019 and it is predicted that it will reach US$ 102 billion by 2025 growing at a CAGR of 10.9 percent. The contribution of the Indian biotechnology industry to the global biotechnology market is expected to rise to 19 percent by 2025 from 3 percent in 2017. The current demand for Biotech products has been surging at a very high rate owing to factors such as better efficiency of these products as well as growth in other medical sectors. The current growth levels of the Biotech industry in India are determined by various factors. One of these includes increased investment of the biotech companies in Research and Development which is evident by the fact that vaccine manufacturing companies developed the Covid-19 vaccine in such short time duration. In order to boost the production of biotech companies state governments have set up policies related to biotechnology and they also provide financial support and other incentives.