www.skpcrossborder.com March 13, 2004
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India emerging as vaccine hub

India is slated to play a leading role in the vaccine market of the world, even as Asia starts to become the vaccine hub of the world. The US $ 8 b global vaccine market is expected to grow to about US $10 b by 2010.

India is increasingly positioning itself as an emerging leader in the global vaccines market. In fact it has all the relative advantages- lower costs in manufacturing, research and development, ability to produce and develop high quality vaccines, lower costs of clinical trials, a large pool of scientists and skilled manpower and increasing local demand.

 
Our Say

Despite the great opportunities, there are roadblocks to be overcome such as safety perceptions, the downward pressure on prices, lack of effective regulatory system to facilitate timely clearance, lack of transparency and quality of vaccines. Though the key drivers of this phenomenon are our large pool of scientific talent, this sector needs support from the national government and venture funds for R&D in the industry, accurate long-term demand forecasting, new investments in quality infrastructure and new strategic alliances.

 

With Asia fast turning into a favourite hub for vaccine development and manufacturing, there also exists a high potential for contract services by Asian vaccine manufacturers in areas like basic research, molecular cloning and gene expression, development of cell lines for vaccines, fermentation and purification processes, clinical trials and manufacturing.

While the US continues to account for 40 per cent of the vaccine market, the vaccine market size is expected to touch US $ 10 b by 2010. Asia consumes 13 per cent of global human vaccines and 20 per cent of animal vaccines. Home to 60 per cent of the world population and groaning under a heavy disease burden, the Asian continent, nevertheless, could aspire to be a global hub for vaccines.

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UP lines up sops for IT sector

In order to give a boost to the infotech/ infotech-enabled services (IT/ITES) sector in the state, the Uttar Pradesh government has lined up a slew of sops in its proposed policy for the sector.

The Uttar Pradesh (UP) Government is the latest to join the ‘India Shining’ bandwagon with sops intended to attract IT/ITES companies in the State.

The state proposes to offer an incentive of Rs 20,000 (US $ 445) for every job with a minimum gross monthly salary of Rs 8,000 (US $ 178) created. This will come in the form of rebate in the buying of land or for buying of built-in office space. The policy also envisages a subsidy of 20 per cent on an investment of up to Rs 320 lakh (over US $ 711000) in fixed capital, and an additional subsidy of 5 per cent of fixed capital cost.

The government itself will be a big user of infotech products and each department will earmark 10 per cent of its budget for infotech applications.

Moreover, the state will be linked through the UP Net, which will be installed in association with the Indian Institute of Technology, Kanpur. The policy also says it will encourage the use of open source technologies.

It also proposes the establishment of a virtual institute for IT/ITES training, headed by the chairman of the UP State Higher Education Board. Its advisory board, drawn both from the academia and industry, will be responsible for ensuring that the curriculum design, certification methodology, etc. are in line with industry needs. The departments of English of the state universities will act as nodal agencies for the IT/ITES training courses run in the colleges.

There is also a proposal to develop virtual institutes, which will network with various institutions in the state as well as internationally, to train 10,000 students in the next 2-3 years to be proficient in English and other software skills. This number will go up to over 200 thousand students by 2010.

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In the News
Destination Singapore!
Indian healthcare next to tap outsourcing opportunities

Interesting Reads
The Reserve Bank takes more steps towards capital account convertibility
Customs Departments getting more technology savvy
A boom town in Maharashtra
Imported oil equipment could get a customs duty waiver

Quick Links
India emerging as vaccine hub
UP lines up sops for IT sector
Firms get nod to give foreign currency loans to staff abroad
Engineering services could well be the next big thing
RBI simplifies current account transactions

India Inc
- Investment briefs
Kampsax India to put England, Scotland and Wales on radar
HP to set up 600-seat call centre in Bangalore
Goldman Sachs plans back-office centre here
Convergys to increase headcount to 12800 by end ‘05
Mahindra Group Acquires US Bristlecone
Satyam opens its 18th global facility in Canada
Three Danish Companies to set up Indian JV for steel components
Interwoven sets up R&D centre at Bangalore
Anest Iwata to Source Compressors From India
ADP To Invest $2 M In Dealer Services Arm
Virtusa Opens ATC In Chennai
Siemens exploring expansion in the Asian region

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